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

Author Question: A mining company is considering two sites on which to dig, described as follows:Site A: Profit if ... (Read 55 times)

Haya94

  • Hero Member
  • *****
  • Posts: 558
on: Feb 2, 2020
A mining company is considering two sites on which to dig, described as follows:

Site A:   Profit if diamonds are found: $80 million.
Loss if no diamonds are found: $20 million.
Probability of finding diamonds: 0.2
Site B:    Profit if diamonds are found $100 million.
Loss if no diamonds are found $16 million.
Probability of finding diamonds: 0.1

What is the expected profit for each site?
◦ site A: $16 million; site B: -$4.4 million
◦ site A: $0 million; site B: $10 million
◦ site A: $16 million: site B: $10 million
◦ site A: $0 million; site B: -$4.4 million
Thinking Mathematically ¦ Blitzer ¦ 6th Edition
Buy Test-Bank


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by Haya94 on Feb 2, 2020

sabina576

  • Sr. Member
  • ****
  • Posts: 356
Reply #1 on: Feb 2, 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 25% of students answer this correctly


Haya94

  • Member
  • Posts: 558
Reply 2 on: Feb 2, 2020
:D TYSM

recede

  • Member
  • Posts: 315
Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

« previous next »
 

Did you know?

Patients who cannot swallow may receive nutrition via a parenteral route—usually, a catheter is inserted through the chest into a large vein going into the heart.

Did you know?

The top five reasons that children stay home from school are as follows: colds, stomach flu (gastroenteritis), ear infection (otitis media), pink eye (conjunctivitis), and sore throat.

Did you know?

Human neurons are so small that they require a microscope in order to be seen. However, some neurons can be up to 3 feet long, such as those that extend from the spinal cord to the toes.

Did you know?

The Food and Drug Administration has approved Risperdal, an adult antipsychotic drug, for the symptomatic treatment of irritability in children and adolescents with autism. The approval is the first for the use of a drug to treat behaviors associated with autism in children. These behaviors are included under the general heading of irritability and include aggression, deliberate self-injury, and temper tantrums.

Did you know?

The average office desk has 400 times more bacteria on it than a toilet.

(A) Common sites for cholelithiasis; (B) a gallbladder specimen with multiple gallstones. (A) Common sites for cholelithiasis; (B) a gallbladder specimen with multiple gallstones.
Types of hemodialysis access sites. Types of hemodialysis access sites.
Drug Interaction with Receptor Site Drug Interaction with Receptor Site
The Stillwater Mining Company The Stillwater Mining Company
Insulin rotation sites Insulin rotation sites
Jia's Fashions recently paid a $2 annual dividend. The company is projecting that its ... Jia's Fashions recently paid a $2 annual dividend. The company is projecting that its ...
Video: Glucagon (glycogenolysis and gluconeogenesis)

For a complete list of videos, visit our video library