Mathematics, 04.05.2021 03:50, kitttimothy55
Bob earns $60,000 a year at an accounting firm. Each year, he receives a raise. Bob has determined that the probability that he receives a 10% raise is 0.7, the probability that he earns a 3% raise is 0.2, and the probability that he earns a 2% raise is 0.1. A competing company has offered Bob a similar position for $65,000 a year. Bob wonders if he should take the new job or take his chances with his current job. SHOW ALL WORK!
A) Find the mathematical expectation of the dollar amount of his raise at his current job.
B) Based only on the mathematical expectation found (monetary earnings), should Bob stay at his current job or accept the new job? Explain your reasoning
Answers: 1
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Mathematics, 21.06.2019 19:40, sswd
The owners of four companies competing for a contract are shown in the table below. if a report is released that advocates company b, which of the people having funded the report should result in the most skepticism? company owner of company company a jake adams company b company c company d debby smith henry rose rhonda baker o a. jake adams o b. rhonda baker o c. debby smith o d. henry rose
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