Mathematics, 01.02.2021 16:50 seaans20391
A company is considering designing a new and better remote control. The company estimates the probability that the new remote will be successful is 3/5. If it is successful it would be able to make $175,000. Of course the company would make nothing if it were unsuccessful. The development costs for the remote control $95,000. What is the expected value?
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A company is considering designing a new and better remote control. The company estimates the probab...
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