A university plans to invest in a particular project. There is a 35% chance that the university will lose 30,000 php and a 25% chance that the company will make 55,000 php, otherwise it will break even. Compute for the expected value of the project to the university. Note: Express your answer in the nearest whole number. Also, do not include the currency symbol for your answers. Blank 1 Blank 1 Add your answer

A university plans to invest in a particular project. There is a 35% chance that the university will lose 30,000 php and a 25% chance that the company will make 55,000 php, otherwise it will break even. Compute for the expected value of the project to the university. Note: Express your answer in the nearest whole number. Also, do not include the currency symbol for your answers. Blank 1 Blank 1 Add your answer

College Algebra

10th Edition

ISBN:9781337282291

Author:Ron Larson

Publisher:Ron Larson

Chapter8: Sequences, Series,and Probability

Section8.7: Probability

Problem 11ECP: A manufacturer has determined that a machine averages one faulty unit for every 500 it produces....

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