Mathematics, 30.07.2019 18:10 pandadude123
Astore specializing in mountain bikes is to open in one of two malls. if the first mall is? selected, the store anticipates a yearly profit of $900,000 if successful and a yearly loss of $300,000 otherwise. the probability of success is 1/2. if the second mall is? selected, it is estimated that the yearly profit will be $600,000 if? successful; otherwise, the annual loss will be $180,000. the probabilty of success at the second mall is 3/4.
a.) what is the expected profit for the first? mall?
Answers: 2
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Astore specializing in mountain bikes is to open in one of two malls. if the first mall is? selecte...
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