What is the expected profit, show work Ints: 5 21) A contractor is considering a sale...
20. Find the indicated IQ score explain how you found your answer 21 What is the expected profit show work Provide an appropriate response. Points: 5 20) Find the indicated IQ score. The graph depicts IQ scores of adults, and those scores are normally distributed with a mean of 100 and a standard deviation of 15 (as on the Wechsler test). The shaded area under the curve is 0.7622. A) 102.6 B) 129.6 C) 97.5 D) 110.7 Explain how you...
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
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
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?
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....
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.
The answers are 19. D 20. B 21. E Please show work Thanks Harry is risk averse, with utility of wealth U(W) W2. His future wealth is random, due to the probability of 0.20 percent that he will have an accident which would reduce his wealth to $10,000. If he does not have an accident, his wealth will be $250,000. Harry's expected utility of future wealth without insurance against loss equals: a) 199.80 19. b) 288.60 c) 368.40 d) 499.20...
C. What is the days' sale in receivables for the current year? (show ALL work and equations) What does the days' in receivable tell you about a business? Account Current Year Prior Year Net sales (all credit) $445,400 $362,000 Costs of goods sold $220,000 $185,000 Gross profit $225,400 $177,000 Income from operations $72,000 $80,000 Interest expense $8,000 $14,000 Net income $40,000 $35,000 Cash $34,000 $28,000 Accounts receivable, net $42,000 $62,000 Inventory $120,000 $100,000 Prepaid expenses $4,000 $2,000 Total current assets...
show all work Problem 5 An insurance company issues a policy on a car under the following conditions: (1) The replacement cost of $37,000 will be paid for a total loss. (ii) If it is not a total loss, but the damage is more than $11,000, then only $ 10,500 will be paid. (iii) Nothing will be paid for damage costing $11,000 or less and, (iv) Nothing will be paid out if there is no damage. The company estimates, based...
Show all calculations to support your answers (a) Describe the advantage in using a payoff matrix to analyse decisions. Explain the steps required in developing such a matrix (b) What advantage do decision trees provide and in what situations are they preferred to a payoff matrix? Goleb is considering the purchase of two types of industrial robots. The ROB1 is a large robot capable of performing a variety of tasks,including welding and painting. The ROB1 is a smaller and slower...