Mathematics, 24.07.2021 06:20 Bunnybear8099
Please help me i have limited time and im confused
A manufacturer is considering building a new and better mousetrap. She estimates the probability that the new mousetrap will be successful is 3/4 . If it is successful, it would be able to make $120,000. Of course, she would make nothing if it were unsuccessful. The development costs for the mousetrap are $98,000. What is the expected value?
$22,000
$8,000
-$8,000
-$32,000
Answers: 2
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