Mathematics, 19.09.2021 01:30 crytongillbranion

Suppose an oil company is thinking of buying some land for $10,000,000. There is a 60% chance of economic growth and a 40% chance of recession. The probability of discovering oil is 45% when there is economic growth and 35% when there is a recession. If there is economic growth and the oil company discovers oil, the value of the land will triple. If they do not discover oil, the value of the land will decrease by 10%. If there is a recession and the company discovers oil, the value of the land will increase by 50%. If they do not discover oil, the land will decrease in value by 75%. Required:
What is the expected value of the investment?

Answers: 3

Show answers

Another question on Mathematics

Mathematics, 21.06.2019 16:30

Astandard american eskimo dog has a mean weight of 30 pounds with a standard deviation of 2 pounds. assuming the weights of standard eskimo dogs are normally distributed, what range of weights would 99.7% of the dogs have? approximately 26–34 pounds approximately 24–36 pounds approximately 28–32 pounds approximately 29–31 pounds

Answers: 1

Answer

Mathematics, 21.06.2019 17:00

Joseph haydn pet store offers wide variety of leashes for dogs. the store purchases one popular type of leash from its manufacturer for $4.38 each. joseph haydn pets marks up leashes at a rate of 238% of cost. what is the retail price of the popular leash?

Answers: 1

Answer

Mathematics, 21.06.2019 18:00

The ratio of wooden bats to metal bats in the baseball coach’s bag is 2 to 1. if there are 20 wooden bats, how many metal bats are in the bag?

Answers: 1

Answer

Mathematics, 21.06.2019 20:50

Amanda went into the grocery business starting with five stores. after one year, she opened two more stores. after two years, she opened two more stores than the previous year. if amanda expands her grocery business following the same pattern, which of the following graphs represents the number of stores she will own over time?

Answers: 3

Answer

You know the right answer?

Suppose an oil company is thinking of buying some land for $10,000,000. There is a 60% chance of eco...

Questions

Mathematics, 09.02.2021 21:50

Which is an exponential decay function? Of(x) f(x) = 6 ) O f(x) = O f(x) = O fx) = }(3)...

Mathematics, 09.02.2021 21:50

HELP I have hard homework ...