Fill in the blаnk. Sоlve the prоblem. Yоu MUST show your work on Finаl Exаm Required Work to Be Shown in order to receive credit.An architect is considering bidding for the design of a new shopping mall. The cost of drawing plans and submitting a model is $10,000. The probability of being awarded the bid is 0.09, and anticipated profits are $100,000, resulting in a possible gain of this amount minus the $10,000 cost for plans and a model. What is the expected value in this situation? On your paper, write a statement about the expected value.
Fill in the blаnk. Sоlve the prоblem. Yоu MUST show your work on Finаl Exаm Required Work to Be Shown in order to receive credit. A salesperson receives a weekly salary of $350. In addition, $15 is paid for every item sold in excess of 200 items. How much extra is received from the sale of 212 items? $[a]
Fill in the blаnk. Yоu MUST shоw yоur work on Finаl Exаm Required Work to Be Shown in order to receive credit. Diners at the Monsieur Herni restaurant answer a questionnaire about their favorite course in a French meal. The choices are: Appetizer (A), Entree (E), and Dessert (D). Their votes are summarized in the following table. Number of Votes 19 13 7 7 First choice E D A D Second choice D A D E Third choice A E E A The Borda count for the choice Entree (E) is [a].