Question 961385
Expected Profit = summation of X*probability(X), therefore
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Project A Expected Profit = (50000*.60) + (83000*.30) + (10000*.1) = 30000 + 24900 + 1000 = 55900
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Project B Expected Profit = (100000*.10) + (65000*.70) - (20000*.20) = 10000 + 45500 - 4000 = 51500
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Select Project A