Mathematics, 01.08.2019 21:30, Hardydonotmess1

4. i want to open a bakery and i am considering locations at two different shopping centers. use expected value to determine which location i should use. location 1: location 2: according to my consultant, if the bakery is successful, i can anticipate an annual profit of $300,000. if it’s not successful, i can anticipate an annual loss of $100,000. the probability of success of this location is 0.5. according to my consultant, if the bakery is successful, i can anticipate an annual profit of $200,000. it it’s not successful, i can anticipate an annual loss of $60,000. the probability of success at this location is 0.75.

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4. i want to open a bakery and i am considering locations at two different shopping centers. use exp...