Mathematics, 30.07.2019 16:10, ellycleland16

Solve the problem. 12) a commercial building contractor is trying to decide which of two projects to commit her company to. project a: a profit of $50,000 with a probability of 0.6, a profit of $90.000 with a probability of 0.3, and a profit of $10,000 with a probability of 0.1. project b: a profit of $100,000 with a probability of 0.1, a profit of $64,000 with a probability of 0.7, and a loss of $20,000 with a probability of 0.2. find answer lines 1 & 2)the expected profit for each & (answer line 3) which project should be selected.

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Solve the problem. 12) a commercial building contractor is trying to decide which of two projects to...