A contractor is considering a job that will yield a profit of $21,000 with a probability...
A contractor is considering a job that will yield a profit of $21,000 with a probability of 78% or a loss of $13,000 with a probability of 22%. What is the expected value of this job to the contractor? Report your answer rounded to the nearest dollar. NO CENTS.
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A contractor is considering a job that will yield a profit of
$21,000 with a probability...
A contractor is considering a sale that promises a profit of 240000.0 dollars with a probability...
A contractor is considering a sale that promises a profit of 240000.0 dollars with a probability of 0.76 or a loss (due to bad weather, strikes, and such) of 20000.0 with a probability of 0.24. What is the expected profit? SELECT ALL APPLICABLE CHOICES A)E=155400.0 B)E=136050.0 C)E=177600.0 D) None of These
A contractor is considering whether he should take on a project that promises a profit of...
A contractor is considering whether he should take on a project that promises a profit of $6800 with a probability of 0.4 or a loss (due to bad weather, strikes, etc.) of $5900 with a probability of 0.6. What is the expected profit for the contractor?
Solve the problem 18) A contractor is considering a sale that promises a profit of S23,00wy...
Solve the problem 18) A contractor is considering a sale that promises a profit of S23,00wy or a loss (due to bad weather, strikes, and such) of $13,000 with a probosriiy s expected profit? A) $16,100 B) $10,000 ) $12,20
What is the expected profit, show work Ints: 5 21) A contractor is considering a sale...
What is the expected profit, show work
Ints: 5 21) A contractor is considering a sale that promises a profit of $29,000 with a probability of 0.7 or a loss (due to bad weather, strikes, and such) of $15,000 with a probability of 0.3. What is the expected profit? Show your work below. A) $30,800 B) $15,800 C) $14,000 D) $20,300
23. A contractor is considering a sale that promises a profit of $24,000 with a probability...
23. A contractor is considering a sale that promises a profit of $24,000 with a probability of 0.7 or a loss (due to bad weather, strikes, and such) of $6,000 with a probability of 0.3. What is the expected profit? Christine is currently taking college astronomy. The instructor often gives quizzes. On the past seven quizzes, Christine got the following scores: 45, 10, 33, 25, 18, 55, 64 Find the standard deviation. Round your result to one decimal place. 25....
The management of Madeira Manufacturing Company is considering the introduction of a new product. The fixed...
The management of Madeira Manufacturing Company is considering the introduction of a new product. The fixed cost to begin the production of the product is $35,000. The variable cost for the product is uniformly distributed between $17 and $23 per unit. The product will sell for $55 per unit. Demand for the product is best described by a normal probability distribution with a mean of 1,300 units and a standard deviation of 300 units. Develop an Excel worksheet simulation for...
The management of Madeira Manufacturing Company is considering the introduction of a new product. The fixed...
The management of Madeira Manufacturing Company is considering the introduction of a new product. The fixed cost to begin the production of the product is $27,000. The variable cost for the product is expected to be between $16 and $22 with a most likely value of $19 per unit. The product will sell for $35 per unit. Demand for the product is expected to range from 700 to 2000 units, with 1500 units the most likely demand. Let C =...
Problem 12-14 (Algorithmic) The management of Madeira Manufacturing Company is considering the introduction of a new...
Problem 12-14 (Algorithmic) The management of Madeira Manufacturing Company is considering the introduction of a new product. The fixed cost to begin the production of the product is $38,000. The variable cost for the product is uniformly distributed between $18 and $24 per unit. The product will sell for $58 per unit. Demand for the product is best described by a normal probability distribution with a mean of 1,100 units and a standard deviation of 300 units. Develop an Excel...
MaxiCare Corporation, a not-for-profit organization, specializes in health care for senior citizens. Management is considering whether...
MaxiCare Corporation, a not-for-profit organization, specializes
in health care for senior citizens. Management is considering
whether to expand operations by opening a new chain of care centers
in the inner city of large metropolitan areas. For a new facility,
initial cash outlays for lease, renovations, net working capital,
training, and other costs are expected to be about $14 million. The
corporation expects the cash inflows of each new facility in its
first year of operation to equal the initial investment...
MaxiCare Corporation, a not-for-profit organization, specializes in health care for senior citizens. Management is considering whether...
MaxiCare Corporation, a not-for-profit organization, specializes
in health care for senior citizens. Management is considering
whether to expand operations by opening a new chain of care centers
in the inner city of large metropolitan areas. For a new facility,
initial cash outlays for lease, renovations, net working capital,
training, and other costs are expected to be about $24 million. The
corporation expects the cash inflows of each new facility in its
first year of operation to equal the initial investment...
Solve the problem 18) A contractor is considering a sale that promises a profit of S23,00wy or a loss (due to bad weather, strikes, and such) of $13,000 with a probosriiy s expected profit? A) $16,100 B) $10,000 ) $12,20
What is the expected profit, show work
Ints: 5 21) A contractor is considering a sale that promises a profit of $29,000 with a probability of 0.7 or a loss (due to bad weather, strikes, and such) of $15,000 with a probability of 0.3. What is the expected profit? Show your work below. A) $30,800 B) $15,800 C) $14,000 D) $20,300
23. A contractor is considering a sale that promises a profit of $24,000 with a probability of 0.7 or a loss (due to bad weather, strikes, and such) of $6,000 with a probability of 0.3. What is the expected profit? Christine is currently taking college astronomy. The instructor often gives quizzes. On the past seven quizzes, Christine got the following scores: 45, 10, 33, 25, 18, 55, 64 Find the standard deviation. Round your result to one decimal place. 25....
The management of Madeira Manufacturing Company is considering the introduction of a new product. The fixed cost to begin the production of the product is $35,000. The variable cost for the product is uniformly distributed between $17 and $23 per unit. The product will sell for $55 per unit. Demand for the product is best described by a normal probability distribution with a mean of 1,300 units and a standard deviation of 300 units. Develop an Excel worksheet simulation for...
The management of Madeira Manufacturing Company is considering the introduction of a new product. The fixed cost to begin the production of the product is $27,000. The variable cost for the product is expected to be between $16 and $22 with a most likely value of $19 per unit. The product will sell for $35 per unit. Demand for the product is expected to range from 700 to 2000 units, with 1500 units the most likely demand. Let C =...
MaxiCare Corporation, a not-for-profit organization, specializes
in health care for senior citizens. Management is considering
whether to expand operations by opening a new chain of care centers
in the inner city of large metropolitan areas. For a new facility,
initial cash outlays for lease, renovations, net working capital,
training, and other costs are expected to be about $14 million. The
corporation expects the cash inflows of each new facility in its
first year of operation to equal the initial investment...
MaxiCare Corporation, a not-for-profit organization, specializes
in health care for senior citizens. Management is considering
whether to expand operations by opening a new chain of care centers
in the inner city of large metropolitan areas. For a new facility,
initial cash outlays for lease, renovations, net working capital,
training, and other costs are expected to be about $24 million. The
corporation expects the cash inflows of each new facility in its
first year of operation to equal the initial investment...
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