Mathematics, 08.11.2019 13:31, sabrosaichigurl

# Amanufacturer plans on building a better mousetrap. there is a 60% chance...

Amanufacturer plans on building a better mousetrap. there is a 60% chance the mouse trap will produce a profit of $200,000 for the company, a 20% chance of a $100,000 profit, and a 20% chance the company will lose $200,000.

based on this information, should the company build the mousetrap?

a) the expected value is $70,000, so the company should build the mousetrap.

b) the expected value is $85,000, so the company should build the mousetrap.

c) the expected value is $100,000, so the company should build the mousetrap.

d) the expected value is -$70,000, so the company should not build the mousetrap.

based on this information, should the company build the mousetrap?

a) the expected value is $70,000, so the company should build the mousetrap.

b) the expected value is $85,000, so the company should build the mousetrap.

c) the expected value is $100,000, so the company should build the mousetrap.

d) the expected value is -$70,000, so the company should not build the mousetrap.

Answers: 1

Mathematics, 09.03.2020 13:49, cpalabamagirl2595

23) 84% of a contractor’s jobs involves electrical work. 75% of a contractor’s jobs involve plumbing work. Of the jobs that involve plumbing, 90% of the jobs also involves electrical work. Let E = jobs involving electrical work L = jobs involving plumbing work Suppose one of the contractor’s jobs is randomly selected. Using the sixth Excel worksheet, a) Find P(E). 0.84 b) Find P(L). 0.75 c) In words, what does E | L mean? d) Find P(E | L). e) Find P(E and L). f) Are E and L independent events? Why or why not? g) Find P(E or L). h) Are E and L mutually exclusive? Why or why not

Answers: 3

Mathematics, 09.03.2020 13:41, romedome15

The triangle shown below has an area of 12. find x

Answers: 1

Mathematics, 09.03.2020 13:41, donahueno1753

The mean and median of 100 observations are 50 and 52 respectively. The value of the largest observation is 100. It was later found that it is 110. Find the true mean and median.

Answers: 3

Amanufacturer plans on building a better mousetrap. there is a 60% chance the mouse trap will produc...

Mathematics, 30.11.2019 11:31

Social Studies, 30.11.2019 11:31

Spanish, 30.11.2019 11:31

Mathematics, 30.11.2019 11:31

Chemistry, 30.11.2019 11:31

Mathematics, 30.11.2019 11:31

Mathematics, 30.11.2019 11:31