amarket research, considering the cost of the new machines and their efficiency, tells them that the switch would give them a 95% chance of making a $20,000 profit, a 1% chance of breaking even, and a 4% chance of losing $5,000. How much money does PuroServ expect to make with their new purchase?

Question

anonymous · Answer

E(x) = $20,000 * .95  - $5,000 * .04

Can you finish it?

anonymous · Answer

Yes, thank you. I have one more question that is similar, can you help?

anonymous · Answer

You should open the new post!

anonymous · Answer

I did.