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 70 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
Wow, this really help

Chelseyj.hasty

  • Member
  • Posts: 319
Reply 3 on: Yesterday
Excellent

« previous next »
 

Did you know?

Cancer has been around as long as humankind, but only in the second half of the twentieth century did the number of cancer cases explode.

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?

In 1886, William Bates reported on the discovery of a substance produced by the adrenal gland that turned out to be epinephrine (adrenaline). In 1904, this drug was first artificially synthesized by Friedrich Stolz.

Did you know?

There are 20 feet of blood vessels in each square inch of human skin.

Did you know?

Russia has the highest death rate from cardiovascular disease followed by the Ukraine, Romania, Hungary, and Poland.

In vitro oligonucleotide site-directed mutagenesis In vitro oligonucleotide site-directed mutagenesis
Image was downloaded from the Jet Propulsion Laboratory web site Image was downloaded from the Jet Propulsion Laboratory web site
IM Injection Sites IM Injection Sites
Binding site variation for transcription factor CEBPA along gene PCK1 as determined by ChIP Binding site variation for transcription factor CEBPA along gene PCK1 as determined by ChIP
Subsurface mining takes place in underground tunnels Subsurface mining takes place in underground tunnels
Sites of referred pain Sites of referred pain
Video: Simple and Double Sugar

For a complete list of videos, visit our video library