What is the EVPI? Success Moderate Success Failure Probability 0.3 0.3 0.4 Sell Company 77 77 77 Form Joint Venture 210 120 78 Sell Software on own 420 136 -100 Submit Answer format: Number: Round to: 1 decimal places. unanswered not_submitted Attempts Remaining: 2

#15 A company makes electronic gadgets. 2% are faulty, the company doesn't know which ones are faulty until a buyer complains. Suppose the company makes a $93 profit on each sale, but suffers a loss of $7 for every faulty gadget because they have to repair the unit. What is the profit(or loss) the company can expect to make from selling 100 units?.

A local club plans to invest $10000 to host a baseball game. They expect to sell tickets worth $16712. But if it rains on the day of game, they won't sell any tickets and the club will lose all the money invested. If the weather forecast for the day of game is 20% possibility of rain,what is the expected value of investing in the baseball game? Rain No Rain Probability 0.2 Leave money in bank 10000 10000 Invest in Baseball game 0 16712

At the carnival, we found a bean bag toss booth. There's a 0.67 probability of throwing the bean bag into the outer ring, a 0.15 probability of throwing it into the middle ring, and the remaining probability throwing it into the center of the target. Tickets are awarded depending on which ring the bean bag lands in. We get 1 ticket for the outer ring, 2 tickets for the middle ring, and 3 tickets for the center. What is the expected value (number of tickets) we will get if we play the game 10 times? Outer Ring Middle Ring Center Ring Probability 0.67 0.15 Tickets 1 2 3 Submit Answer format: Number: Round to: 1 decimal places.