Answer: Expected profit for first and second project are $158000 and $185000 respectively.
Step-by-step explanation:
Since we have given that
First project :
a profit of $170,000 with a probability of 0.7 or a profit of $130,000 with a probability of 0.3
0.7 $170000
0.3 $130000
So, Expected profit would be
Second project:
a profit of $230,000 with a probability of 0.7 or a profit of$80,000 with a probability of 0.3.
0.7 $230000
0.3 $80000
So, Expected profit would be
Hence, expected profit for first and second project are $158000 and $185000 respectively.
Answer:
I think this is the equation?
Step-by-step explanation:
(10C7)(11C8)(7C4)=
Answer:
The range will decrease by 1
Step-by-step explanation:
Range: Largest no. - Smallest no.
The range with the original numbers is 7 -1 =6
The range when 1 is replaced by 6,the smallest no. becomes 2 which makes the range 7-2= 5
So 1st range - 2nd range =6 - 5 = 1
Step-by-step explanation: