Acompany is considering making a new product. they estimate the probability that the new product will be successful is 0.75. if it is successful it would generate $240,000 in revenue. if it is not successful, it would not generate any revenue. the cost to develop the product is $196,000. use the profit (revenue − cost) and expected value to decide whether the company should make this new product.

P = $240,000 – $196,000 = $44,000.

The expected value is a weighted average of each possible value weighted by its probability.

EV = ($44,000)(0.75) + ($–196,000)(0.25) = $–16,000.

The expect average profit is $–16,000.

The company should not make the product.

Step-by-step explanation:

ED

P = $240,000 – $196,000 = $44,000.

The expected value is a weighted average of each possible value weighted by its probability.

EV = ($44,000)(0.75) + ($–196,000)(0.25) = $–16,000.

The expect average profit is $–16,000.

The company should not make the product.

Step-by-step explanation:

edg 2020

.24

step-by-step explanation:

the probability is   .24

the first player had the highest probability of getting a silver marble

the game could be made fair by adding back the marble that was drawn after each draw

the equation cos(35) =a/25 can be used to find the length of bc what is the length of bc? round to the nearest tenth

step-by-step explanation: