After careful testing and analysis, an oil company is considering drilling in two different sites. it is estimated that site A will net $40 million if successful (probabilty .2) and lose $4 million if not (probability .8) site B will net $70million if successful (probability .1) and lose $6million if not (probability (.9) which site should the company choose according to the expected return from each site?

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anonymous · Answer

@satellite73

anonymous · Answer

a. what is the expected return for site A? $__ million
b. what is the expected return for site B? $___ million