A company has an opportunity to bid on three contracts. Determine which would be the best investment given the information in the table below. Probability of Profit and Loss by Contract Contract Profit, Probability of Profit Probability to Break Even Loss, Probability of Loss Southeast $45,000, 50% 30% $6,000, 20% Southwest $60,000, 35% 40% $10,000, 25% California $112,000, 20% 40% $40,000, 40%

40 x 50 = 2000

step-by-step explanation:

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step-by-step explanation:

(a) {a₁, a₁r, a₁r², … a₁rⁿ⁻¹, …}

(b) $59 398

step-by-step explanation:

(a) the annual sequence of profits

aₙ = a₁rⁿ⁻¹

the model for the sequence of profits is {a₁, a₁r, a₁r², … a₁rⁿ⁻¹, …} .

(b) profit after 15 yr

  a₁ = $ 30 000

  r = 1.05

a₁₅ = 30 000 × 1.05¹⁴

a₁₅ = 30 000 × 1.979 93

a₁₅ = $59 398

the profit in year 15 will be $59 398.