The proprietor of midland construction company has to decide between two projects. he estimates that the first project will yield a profit of $170,000 with a probability of 0.7 or a profit of $130,000 with a probability of 0.3; the second project will yield a profit of $230,000 with a probability of 0.7 or a profit of$80,000 with a probability of 0.3.

find the expected profit for each project.

first project = ?
second project = ?

Expected profit for first and second project are $158000 and $185000 respectively.

Step-by-step explanation:

Since we have given that

First project :

a profit of $170,000 with a probability of 0.7 or a profit of $130,000 with a probability of 0.3

0.7      $170000

0.3      $130000

So, Expected profit would be

Second project:

a profit of $230,000 with a probability of 0.7 or a profit of$80,000 with a probability of 0.3.

0.7      $230000

0.3      $80000

So, Expected profit would be

Hence, expected profit for first and second project are $158000 and $185000 respectively.

a) 0.25x times 3. (could be wrong on equation.)

b) 2.25 pound of dark chocolate. (can i eat all the chocolate? plz? anyway, again, could be wrong, but i hope im right. all the chocolate together should be 5.25 pounds)

have a good day!

logv3(x+2)=1

rewrite in exponential form:

logb(x) = y is equal to b^y =x

b = 3, y = 1

now solve for x:

3^1 = x+2)

x = 3-2

x = 1

see the picture for the graph.