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Author Question: Find the expected value.A contractor is considering a sale that promises a profit of $39,000 with a ... (Read 87 times)

SO00

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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
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Marked as best answer by SO00 on Jan 18, 2020

amy.lauersdorf90

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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.
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SO00

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Reply 2 on: Jan 18, 2020
YES! Correct, THANKS for helping me on my review

scottmt

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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