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

Author Question: Find the expected value.A contractor is considering a sale that promises a profit of $39,000 with a ... (Read 35 times)

SO00

  • Hero Member
  • *****
  • Posts: 568
on: Jan 18, 2020

Question 1

Find the expected value.

In a game, you have a probability of winning and a probability of losing What is your expected value?
◦ $12.64
◦ -$8.59
◦ $4.05
◦ -$4.55

Question 2

Find the expected value.

A contractor is considering a sale that promises a profit of $39,000 with a probability of 0.7 or a loss (due to bad weather, strikes, and such) of $3000 with a probability of 0.3. What is the expected profit?
◦ $29,400
◦ $36,000
◦ $26,400
◦ $27,300
Statistical Reasoning for Everyday Life ¦ Bennett, Briggs, Triola ¦ 5th Edition
Buy Test-Bank


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by SO00 on Jan 18, 2020

amy.lauersdorf90

  • Sr. Member
  • ****
  • Posts: 327
Reply #1 on: Jan 18, 2020
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 49% of students answer this correctly


SO00

  • Member
  • Posts: 568
Reply 2 on: Jan 18, 2020
Thanks for the timely response, appreciate it

Viet Thy

  • Member
  • Posts: 329
Reply 3 on: Yesterday
Gracias!

« previous next »
 

Did you know?

Fungal nail infections account for up to 30% of all skin infections. They affect 5% of the general population—mostly people over the age of 70.

Did you know?

Bacteria have flourished on the earth for over three billion years. They were the first life forms on the planet.

Did you know?

The average human gut is home to perhaps 500 to 1,000 different species of bacteria.

Did you know?

The most destructive flu epidemic of all times in recorded history occurred in 1918, with approximately 20 million deaths worldwide.

Did you know?

There are over 65,000 known species of protozoa. About 10,000 species are parasitic.

How to use the quotient rule to find the derivative of a function How to use the quotient rule to find the derivative of a function
How to find the definite integral using the fundamental theorem of calculus (Part 1) How to find the definite integral using the fundamental theorem of calculus (Part 1)
How to find an unknown angle using reciprocal trigonometric functions How to find an unknown angle using reciprocal trigonometric functions
How to find the components of a vector found in the first quadrant How to find the components of a vector found in the first quadrant
Find derivative using product rule Find derivative using product rule
1) (a) What is Coulomb?s Law? (b) Find the net electrostatic force on the charge labeled ?P? in ... 1) (a) What is Coulomb?s Law? (b) Find the net electrostatic force on the charge labeled ?P? in ...
Video: Digestive chemicals - types & enzymes

For a complete list of videos, visit our video library