Question

Plan A Plan B Payout P(Payout) Payout P(payout) 0.14 $40,000 0.27 $35,000 $40,000 0.3 $55,000 0.54 $70,000 0.56 $70,000 0.19 Copy Data ev Next Answer 3 Points Keypad Keyboard Shortcuts Plan A Plan B Chau LAL A

Answer 1

solution- Expected value of ptan A = 350000019 + 40000 x0.3 70000* 0-50 = 56,100 Expeeteel veekeel of plan B 40000 X0027+55000x0°54770000X 0019 = 53,800 plan A has nog her perfout