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A Candidate Must Decide Whether He Should Spend His Time

question 94

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A candidate must decide whether he should spend his time and money on TV commercials or making personal appearances. His staff determines that by using TV he can reach 110,000 people with probability 0.06, 55,000 people with probability 0.39, and 30,000 people with probability 0.55; by making personal appearances he can reach 80,000 people with probability 0.04, 60,000 people with probability 0.36, and 25,000 people with probability 0.6. In the following table, x represents the number of people reached by each choice. In each case, find the expected value of x to decide which method, if either, will reach more people. ​
A candidate must decide whether he should spend his time and money on TV commercials or making personal appearances. His staff determines that by using TV he can reach 110,000 people with probability 0.06, 55,000 people with probability 0.39, and 30,000 people with probability 0.55; by making personal appearances he can reach 80,000 people with probability 0.04, 60,000 people with probability 0.36, and 25,000 people with probability 0.6. In the following table, x represents the number of people reached by each choice. In each case, find the expected value of x to decide which method, if either, will reach more people. ​   ​ A)  ​   ​ B)  ​   ​ C)  ​   ​ D)  ​   ​ E)  ​


Definitions:

International Council of Nurses

A federation of national nursing associations that works to ensure quality nursing care for all and sound health policies globally.

Canadian Nurses Association

A national professional association that represents registered nurses in Canada, advocating for high standards of nursing practice, health policy, and patient care.

Registered Nurses' Associations

Professional organizations dedicated to supporting the interests, advancing the standards, and promoting the profession of registered nurses.

Nurse Practice Acts

Legislation in each state or country that defines the scope of practice for nurses and the standards for nursing education and licensure.

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