![mayac5369](/avatars/14077.jpg)
mayac5369
10.10.2019 •
Mathematics
Acontractor is considering a sale that promises a profit of 26,000 with a probability of 0.7 or a loss (due to bad weather strikes, and such) of $8000 with a probability of 0.3. what is the expected profit?
a. $15,800
b. $23,000
c. 18,000
how do i solve this?
Solved
Show answers
More tips
- P Photography and Videography What is lens calibration and why is it needed?...
- F Family and Home Stay Warm but Don t Overheat: What is the Optimal Temperature for Your Home During Winter?...
- H Health and Medicine How to Treat the Flu: A Comprehensive Guide...
- O Other What is a Disk Emulsifier and How Does it Work?...
- F Family and Home What does a newborn need?...
- F Family and Home Choosing the Right Car Seat for Your Child: Tips and Recommendations...
- F Food and Cooking How to Get Reconfirmation of Registration?...
- C Computers and Internet How to Get Rid of Spam in ICQ?...
- A Art and Culture Who Said The Less We Love a Woman, the More She Likes Us ?...
- F Family and Home How to Get Rid of Your Neighbors?...
Answers on questions: Mathematics
- M Mathematics Solve for the inequality ᵏ⁄₄ ≥ 6...
- E English What are the use for bolt-holes...
- S Social Studies The role of children on the trail can be best described as which of the following?...
- M Mathematics What is this called? I’m trying to look up a video on how to do these. y = - 7/2x -4...
- H History Why did the Union want to control the Mississippi River and its tributaries?The Union army lacked battle experience.to increase enlistmentto capture Confederate...
- H History Which of the following organizations waged guerrilla warfare against isreal throughout the 1980s but in the 1990s made efforts to negotiate peace? a) hamas b) fatah...
Ответ:
The expected profit assuming those probabilities of profit and loss is A. $15,800.
The expected profit will be a weighted average of the amount that can be made in the event that there is a profit or a loss.
The expected profit is calculated by the formula:
= (Amount made if profit x Probability of profit) + (Amount lost if loss x Probability of loss)
Solving gives us:
= (26,000 x 0.7) + (-8,000 x 0.3)
= 18,200 + (-2,400)
= 18,200 - 2,400
= $15,800
In conclusion, the expected profit is $15,800.
Find out more at link.
Ответ:
A
Step-by-step explanation:
The expected profit would be the sum of all the possibility multiplied. It means,
"We need to multiply the profit by its possibility and add it with the product of the loss and its possibility."
This will be the expectation, or expected profit.
Let's do it:
Expected Profit =![(26,000)(0.7) + (-8000)(0.3) = 15,800](/tpl/images/0305/8388/4bd31.png)
The correct answer is A
Ответ:
B. <L=<R
Step-by-step explanation:
^^^Just too test got 100%