Mathematics, 16.10.2019 19:50, ValeryGi9733

Acompany has an opportunity to bid on three contracts. determine which would be the best investment given the information in the table below.

contract
profit, (p)* of ). to break , (p) of loss
southeast
$45,000, 50%%$6,000, 20%
southwest
$60,000, 35%%$10,000, 25%
california
$112,000, 20%%$40,000, 40%
*(p)=probability

a) southeast
b) southwest
c) california
d) all contracts include a probability for loss

Answers: 2

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Acompany has an opportunity to bid on three contracts. determine which would be the best investment...