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Author Question: Use the information for the question(s) below.Big Cure and Little Cure are both pharmaceutical ... (Read 69 times)

jazziefee

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Use the information for the question(s) below.

Big Cure and Little Cure are both pharmaceutical companies.  Big Cure presently has a potential "blockbuster" drug before the Food and Drug Administration (FDA) waiting for approval.  If approved, Big Cure's blockbuster drug will produce $1 billion in net income for Big Cure.  Little Cure has ten separate, less important drugs before the FDA waiting for approval.  If approved, each of Little Cure's drugs would produce $100 million in net income for Little Cure.  The probability of the FDA approving a drug is 50%.


What is the expected payoff for Little Cure's ten drugs?
◦ $1 billion
◦ $500 million
◦ $100 million
◦ $0


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Marked as best answer by jazziefee on Jul 9, 2019

vickybb89

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jazziefee

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Reply 2 on: Jul 9, 2019
YES! Correct, THANKS for helping me on my review


meow1234

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Reply 3 on: Yesterday
Gracias!

 

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