subject
Mathematics, 09.09.2020 20:01 kolibeilfuss

A nuclear power company is deciding whether to build a nuclear plant at Chico Canyon or at Pleasantville. The cost of building the power plant is $14 million at Chico and $20 million at Pleasantville. If the company builds at Chico, however, and an earthquake occurs at Chico during the next 5 years, construction will be terminated and the company will lose $14 million (and will still have to build a power plant at Pleasantville). Without further information, the company believes there is a 20% chance that an earthquake will occur at Chico during the next 5 years. Suppose that an actual (not perfectly reliable) geologist can be hired to analyze the earthquake risk. The geologistā€™s past record indicates that he will predict an earthquake on 90% of the occasions for which an earthquake will occur and no earthquake on 85% of the occasions for which an earthquake will not occur. Given this information, What is the maximum amount the company can pay the geologist? (answer format as in example 10,000,000)

ansver
Answers: 3

Another question on Mathematics

question
Mathematics, 21.06.2019 21:00
List x1, x2, x3, x4 where xi is the midpoint endpoint of the five equal intervals used to estimate the area under the curve of f(x) between x = 0 and x = 10.
Answers: 1
question
Mathematics, 21.06.2019 22:00
Let event a = you roll an even number on the first cube.let event b = you roll a 6 on the second cube.are the events independent or dependent? why?
Answers: 1
question
Mathematics, 21.06.2019 22:30
Proving the parallelogram diagonal theoremgiven abcd is a parralelogam, diagnals ac and bd intersect at eprove ae is conruent to ce and be is congruent to de
Answers: 1
question
Mathematics, 22.06.2019 00:30
Measure a and b and find their sum. how are the angles related?
Answers: 3
You know the right answer?
A nuclear power company is deciding whether to build a nuclear plant at Chico Canyon or at Pleasantv...
Questions
question
English, 07.06.2021 18:50
question
Mathematics, 07.06.2021 18:50
question
Mathematics, 07.06.2021 18:50
question
English, 07.06.2021 18:50
question
Mathematics, 07.06.2021 18:50
question
Mathematics, 07.06.2021 18:50
question
Arts, 07.06.2021 18:50
question
Mathematics, 07.06.2021 18:50
question
Social Studies, 07.06.2021 18:50
Questions on the website: 13722363