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?
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A contractor is considering whether he should take on a project
that promises a profit of...
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
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....
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.
20. Find the indicated IQ score explain how you found your answer 21 What is the...
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 to bid on one of two construction projects, Project A or Project B....
A contractor is to bid on one of two construction projects, Project A or Project B. If the firm wins project A, its estimated profit is $2,000,000; if the firm wins project B, the estimated profit is $3,000,000. The cost of putting the bid together for the projects is $200,000 for A and $250,000 for B. Due to a difference in the number of qualified competitors, the firm estimates its probability of getting Project A as 0.7 and its probability...
only need help with bonus part Part II: Problem 1 (20) A contractor must submit a bid proposal on one of three possible projects. Each project offers different profits and risks associated with wi...
only need help with bonus part
Part II: Problem 1 (20) A contractor must submit a bid proposal on one of three possible projects. Each project offers different profits and risks associated with wining the bid and actual profits from performing the work. For example, if the contractor submits a bid and wins, the predicted profit may range from high to low due to the uncertainty of site conditions (.e O, Good ,02-Fair, θ-Poor) The following table summarizes the costs...
A contractor is deciding between submitting a bid for either a highway or a dam project (he cannot submit bids for both...
A contractor is deciding between submitting a bid for either a highway or a dam project (he cannot submit bids for both). The estimated bid price for the highway job is $1.5M (million), that for the dam is S3M. Cost for preparing a bid is 2% of the bid price, and estimated net profit is 10% of the bid price. The contractor estimates there is 70% chance to win the highway job, but only a 50-50 chance for getting the...
A contractor is considering whether to buy or lease a new equipment for their new project....
A contractor is considering whether to buy or lease a new equipment for their new project. Buying the equipment will cost $70,000 with a salvage value of $15,000 after the machine useful life of 5 years. On the other hand, the sarne equipment can be leased for $16,000 per year (payable at the beginning of the year). Assuming that the MARR is 15% and on the basis of an internalrate of return analysis, which alternative should be selected? 12pt Paragraph...
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....
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 to bid on one of two construction projects, Project A or Project B. If the firm wins project A, its estimated profit is $2,000,000; if the firm wins project B, the estimated profit is $3,000,000. The cost of putting the bid together for the projects is $200,000 for A and $250,000 for B. Due to a difference in the number of qualified competitors, the firm estimates its probability of getting Project A as 0.7 and its probability...
only need help with bonus part
Part II: Problem 1 (20) A contractor must submit a bid proposal on one of three possible projects. Each project offers different profits and risks associated with wining the bid and actual profits from performing the work. For example, if the contractor submits a bid and wins, the predicted profit may range from high to low due to the uncertainty of site conditions (.e O, Good ,02-Fair, θ-Poor) The following table summarizes the costs...
A contractor is deciding between submitting a bid for either a highway or a dam project (he cannot submit bids for both). The estimated bid price for the highway job is $1.5M (million), that for the dam is S3M. Cost for preparing a bid is 2% of the bid price, and estimated net profit is 10% of the bid price. The contractor estimates there is 70% chance to win the highway job, but only a 50-50 chance for getting the...
A contractor is considering whether to buy or lease a new equipment for their new project. Buying the equipment will cost $70,000 with a salvage value of $15,000 after the machine useful life of 5 years. On the other hand, the sarne equipment can be leased for $16,000 per year (payable at the beginning of the year). Assuming that the MARR is 15% and on the basis of an internalrate of return analysis, which alternative should be selected? 12pt Paragraph...
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