This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: On any given day we know a salesman can earn 0 with a 40 probability, 100 with a 20 probability or ... (Read 72 times)

APUS57

  • Hero Member
  • *****
  • Posts: 571
on: Jul 1, 2018
On any given day we know a salesman can earn 0 with a 40 probability, 100 with a 20 probability or 300 with 40 probability. His expected earnings equal
 
  A) 0.
  B) 140.
  C) 300.
  D) It cannot be determined from the available information.

Question 2

On any given day, a salesman can earn 0 with a 30 probability, 100 with a 20 probability, or 300 with a 50 probability. His expected earnings equal
 
  A) 0.
  B) 100.
  C) 150.
  D) 170.
Microeconomics ¦ Perloff ¦ 8th Edition
Buy Test-Bank


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

gasdhashg

  • Sr. Member
  • ****
  • Posts: 335
Reply #1 on: Jul 1, 2018
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
Answer Preview
Only 59% of students answer this correctly


APUS57

  • Member
  • Posts: 571
Reply 2 on: Jul 1, 2018
Thanks for the timely response, appreciate it

rleezy04

  • Member
  • Posts: 322
Reply 3 on: Yesterday
:D TYSM

« previous next »
 

Did you know?

The human body produces and destroys 15 million blood cells every second.

Did you know?

Warfarin was developed as a consequence of the study of a strange bleeding disorder that suddenly occurred in cattle on the northern prairies of the United States in the early 1900s.

Did you know?

There are major differences in the metabolism of morphine and the illegal drug heroin. Morphine mostly produces its CNS effects through m-receptors, and at k- and d-receptors. Heroin has a slight affinity for opiate receptors. Most of its actions are due to metabolism to active metabolites (6-acetylmorphine, morphine, and morphine-6-glucuronide).

Did you know?

In most climates, 8 to 10 glasses of water per day is recommended for adults. The best indicator for adequate fluid intake is frequent, clear urination.

Did you know?

The first documented use of surgical anesthesia in the United States was in Connecticut in 1844.

How to calculate the probability of complementary events How to calculate the probability of complementary events
How to use a tree diagram to find the probability How to use a tree diagram to find the probability
If you are able to earn 6.2% compounded semi-annually in an account, how long will it take for ... If you are able to earn 6.2% compounded semi-annually in an account, how long will it take for ...
Discrete random variables- Probability Distribution Function Discrete random variables- Probability Distribution Function
Pedigree Probability Pedigree Probability
Exploring probability grade 1 Exploring probability grade 1
Video: Embryonic development - Weeks 5 to 8

For a complete list of videos, visit our video library