Repeat Problem 39, assuming that additional analysis caused the estimated probability of success in field B to

Question:

Repeat Problem 39, assuming that additional analysis caused the estimated probability of success in field B to be changed from .1 to .11.
Problem 39
After careful testing and analysis, an oil company is considering drilling in two different sites. It is estimated that site A will net $30 million if successful (probability .2) and lose $3 million if not (probability .8); site B will net $70 million if successful (probability .1) and lose $4 million if not (probability .9). Which site should the company choose according to the for each site?
Expected Return
The expected return is the profit or loss an investor anticipates on an investment that has known or anticipated rates of return (RoR). It is calculated by multiplying potential outcomes by the chances of them occurring and then totaling these...