Mathematics, 22.11.2019 02:31 avavackity
The proprietor of midland construction company has to decide between two projects. he estimates that the first project will yield a profit of $170,000 with a probability of 0.7 or a profit of $130,000 with a probability of 0.3; the second project will yield a profit of $230,000 with a probability of 0.7 or a profit of$80,000 with a probability of 0.3.
find the expected profit for each project.
first project = ?
second project = ?
Answers: 2
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The proprietor of midland construction company has to decide between two projects. he estimates that...
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