Jerry and George are writing a pilot for a sitcom. They estimate they have a 90% chance of the show not being picked up as a series. If that happens, their combined profit is -$40,000 as they've invested a great deal of time and energy and received nothing for it. If the show is picked up, the profit the pair would earn depends on the success of the show, as indicated in the table below. Calculate Jerry and George's expected profit, in thousands of dollars. Do not include a dollar sign ($) in your answer. Success Probability Minor 25% Moderate 70% Major 5% Profit, in thousands of dollars 20 100 500

Jerry and George are writing a pilot for a sitcom. They estimate they have a 90% chance of the show not being picked up as a series. If that happens, their combined profit is -$40,000 as they've invested a great deal of time and energy and received nothing for it. If the show is picked up, the profit the pair would earn depends on the success of the show, as indicated in the table below. Calculate Jerry and George's expected profit, in thousands of dollars. Do not include a dollar sign ($) in your answer. Success Probability Minor 25% Moderate 70% Major 5% Profit, in thousands of dollars 20 100 500

Holt Mcdougal Larson Pre-algebra: Student Edition 2012

1st Edition

ISBN:9780547587776

Author:HOLT MCDOUGAL

Publisher:HOLT MCDOUGAL

Chapter11: Data Analysis And Probability

Section: Chapter Questions

Problem 8CR

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