economics
posted by Suzy .
A company is considering a plan that has different profit results under different conditions. Assuming there is a 20% chance of a boom and 10% chance of a recession, compute the expected value of their plan.
Condition Result
Boom $2,000,000 Profit
Average $800,000 Profit
Recession (700,000) Loss
Respond to this Question
Similar Questions

Language Arts
Boom, Boom the music goes Boom, Boom Feel the beat from head to toes Boom, Boom my heart is thumping Boom, Boom It's quite frightening Boom, Boom Feel the world's weight on me Boom, Boom Millions of eyes are staring at me Boom, … 
economics
A company is considering a plan that has different profit results under different conditions. Assuming there is a 20% chance of a boom and 10% chance of a recession, compute the expected value of their plan. Condition Result Boom $2,000,000 … 
Finance
A company is considering a plan that has different profit results under different conditions. Assuming there is a 20% chance of a boom and 10% chance of a recession, compute the expected value of their plan. Condition Result Boom $2,000,000 … 
math
The property restoration company puroserv is considering switching to new dehumidifiers. Their market research considering the cost of the new machines and their efficiency tells them that's them switch would give them an 80% chance … 
Math
The property restoration company PuroServ is considering switching to new dehumidifiers. Their market research, considering the cost of the new machines and their efficiency, tells them that the switch would give them a 54% chance … 
Math
The property restoration company PuroServ is considering switching to new dehumidifiers. Their market research, considering the cost of the new machines and their efficiency, tells them that the switch would give them a 54% chance … 
MATH
The property restoration company PuroServ is considering switching to new dehumidifiers. Their market research, considering the cost of the new machines and their efficiency, tells them that the switch would give them a 54% chance … 
MATH
The property restoration company PuroServ is considering switching to new dehumidifiers. Their market research, considering the cost of the new machines and their efficiency, tells them that the switch would give them a 54% chance … 
physics
The torques acting on the crane boom can be computed about anaxis passing through the top of the boom. (this is the place wherethe spring scale and mass hanger connect to the boom) apply thesecond condition for equilibrium to the crane … 
Managerial Economics
Youâ€™re the manager of global opportunities for a U.S. manufacturer, who is considering expanding sales into Europe. Your market research has identified three potential market opportunities: England, France, and Germany. If you enter …