Refer to the Following:
a Firm Is Considering Two Projects

question 27

Multiple Choice

Refer to the following:
A firm is considering two projects, A and B, with the following probability distributions for profit.
$$\begin{array} { c c c } \begin{array} { c } \text { Profit } \\\text { (\$1,000s) }\end{array} & \begin{array} { c } \text { Praject } A \\\text { Probability } ( \% ) \end{array} & \begin{array} { c } \text { Project B} \\\text { Prabability (\%) }\end{array} \\\hline \$ 20 & 10 & 10 \\40 & 15 & 15 \\{ 5 0 } & 50 & { 2 5 } \\{ 8 0 } & 15 & 40 \\100 & 10 & 10\end{array}$$
-The expected value of project A (in $1,000s) is

• A) $60
• B) $65
• C) $70
• D) $75
• E) $80

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Definitions:

Exaggerated Apology

An apology that is overly expressive or dramatic, often going beyond what is necessary to make amends.

Mildly Disappointing Information

Information that falls slightly short of expectations, causing a minor sense of letdown or dissatisfaction.

Positive Message

Communication that conveys good news, affirmative information, or a positive outcome.

Routine Requests

Standard inquiries or appeals that are made regularly within the context of business or professional communication.