February 24, 2017

Homework Help: Intro to Probability

Posted by Amelie on Saturday, February 23, 2008 at 7:14pm.

two construction contracts are to be randomly assigned to one or more of 3 firms- I,II,III. A firm may receive more than one contract. if each contract has a potential profit of 90,000 dollars. find the expected potential profit for firm I. then find the expected potential profit for firms I and II together.
Can i start by using the expected value formula?

Answer This Question

First Name:
School Subject:

Related Questions

More Related Questions