Mathematics
Mathematics, 28.04.2021 19:30, dollaass17

A manufacturer is considering building a new and better mousetrap. She estimates the probability that the new mousetrap will be successful is 3/4. If it is successful, it would be able to make $120,000. Of course, she would make nothing if it were unsuccessful. The development costs for the mousetrap are $98,000. What is the expected value?​

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A manufacturer is considering building a new and better mousetrap. She estimates the probability tha...

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