subject
Mathematics, 22.09.2020 20:01 journey888

The head of operations for a movie studio wants to determine which of two new scripts they should select for their next major production. (Due to budgeting constraints, only one new picture can be undertaken at this time.) She feels that script 1 has a 70 percent chance of earning about $10,000,000 over the long run, but a 30 percent chance of losing $2,000,000. If this movie is successful, then a sequel will be produced, with an 80 percent chance of earning $5,000,000, but a 20 percent chance of losing $1,000,000. On the other hand, she feels that script 2 has a 60 percent chance of earning $12,000,000, but a 40 percent chance of losing $3,000,000. If successful, its sequel would have a 50 percent chance of earning $8,000,000, but a 50 percent chance of losing $4,000,000. Of course, in either case, if the original movie were a flop, then no sequel would be produced. What is the probability that script 1 will be a success, but its sequel will not?

ansver
Answers: 1

Another question on Mathematics

question
Mathematics, 21.06.2019 17:30
Monthly water bills for a city have a mean of $108.43 and a standard deviation of $32.09. find the probability that a randomly selected bill will have an amount greater than $155, which the city believes might indicate that someone is wasting water. would a bill that size be considered unusual?
Answers: 1
question
Mathematics, 21.06.2019 20:00
The two square pyramids are similar. find the total volume of both pyramids if the ratio of their surface areas is 9/16
Answers: 3
question
Mathematics, 21.06.2019 22:30
What is the common difference for this arithmetic sequence? -6,-2,2,6,10 a.4 b.5 c.3 d.6
Answers: 1
question
Mathematics, 22.06.2019 01:00
The actual length of side t is 0.045cm. use the scale drawing to find the actual side length of w
Answers: 1
You know the right answer?
The head of operations for a movie studio wants to determine which of two new scripts they should se...
Questions
question
Mathematics, 15.01.2021 23:10
question
Computers and Technology, 15.01.2021 23:10
question
World Languages, 15.01.2021 23:10
Questions on the website: 13722359