OBJECTIVE FORESTRY

FORESTRY

AGRICULTURAL STATISTICS AND ECONOMICS

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
A business evaluates a proposed venture as follows. It stands to make a profit of $10, 000 with probability 3/20, to make a profit of $5000 with probability 9/20, to break even with probability 5/20, and to lose $5000 with probability 3/20. The expected profit in dollars is
A
0
B
-2050
C
1500
D
3000
Explanation: 
There is 1 question to complete.