Two professors at a nearby university want toco-author a new textbook in either economics or statistics. they feel that ifthey write an economics book, they have a 50 percent chance of placing it witha major publisher, and it should ultimately sell about 40,000 copies. if theycan't get a major publisher to take it, then they feel they have an 80 percentchance of placing it with a smaller publisher, with ultimate sales of 30,000copies. on the other hand, if they write a statistics book, they feel they havea 40 percent chance of placing it with a major publisher, and it should resultin ultimate sales of about 50,000 copies. if they can't get a major publisherto take it, they feel they have a 50 percent chance of placing it with asmaller publisher, with ultimate sales of 35,000 copies. what is the expected value for the decision alternative to write the economics book? a. 50,000 copiesb. 32,000 copiesc. 40,000 copiesd. 10,500 copiese. 30,500 copies

Costco wholesale corporation operates membership warehouses selling food, appliances, consumer electronics, apparel and other household goods at 471 locations across the u.s. as well as in canada, mexico and puerto rico. as of its fiscal year-end 2005, costco had approximately 21.2 million members. selected fiscal-year information from the company's balance sheets follows. ($ millions). selected balance sheet data 2005 2004 merchandise inventories $4,015 $3,644 deferred membership income (liability) 501 454 (a) during fiscal 2005, costco collected $1,120 cash for membership fees. use the financial statement effectstemplate to record the cash collected for membership fees. (b) in 2005, costco recorded $46,347 million in merchandise costs (that is, cost of goods sold). record thistransaction in the financial statement effects template. (c) determine the value of merchandise that costco purchased during fiscal-year 2005. use the financial statementeffects template to record these merchandise purchases. assume all of costco's purchases are on credit.