﻿ Amanufacturer plans on building a better mousetrap. there is a 60% chance the mouse trap will produce a profit of \$200,000 for the
, 08.11.2019 13:31, sabrosaichigurl

# 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.

### Other questions on the subject: Mathematics

Mathematics, 21.06.2019 14:00, ninaaforever
Alawn mower manufacturer incurs a total of 34,816 in overhead costs and 388 per lawn mower in production costs. how many lawn mowers were manufactured if the average cost of productions is 660