Mathematics, 15.10.2019 22:50 cassidy32504
Aconstruction company plans to invest in a building project. there is a 25% chance that the company will lose $40,000, a 35% chance of a break even, and a 40% chance of a $30,000 profit. based on this information, what should the company do?
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a) the expected value is $2,000, so the company should proceed with the project.
b) the expected value is $22,000, so the company should proceed with the project.
c) the expected value is - $2,000, so the company should not proceed with the project.
d) the expected value is $-22,000, so the company should not proceed with the project.
Answers: 1
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Aconstruction company plans to invest in a building project. there is a 25% chance that the company...
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