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A contractor is considering a sale that promises a profit of 36000 with a probability of 0.7 or a loss of 6000 with a probability of 0.30 What is the expected profit?
expected profit should be : 0.7($36,000) - 0.3($6,000) = $23,400
What is the expected profit from a lottery where if you win you get 2000 and if you lose you pay 200 and the probability of winning is 0.4?
Probability of winning is 0.4 so the probabilty of lossing is 0.6 The expected profit is then: 2000 x 0.4 - 200 x 0.6 = 680
What is the probability of profit for this investment opportunity?
The probability of profit for this investment opportunity is the likelihood that you will make money from it.
Suppose the probably of rain is 50 percent what profit can the concession stand expect to make?
If the probability of rain is 50 percent, the concession stand can expect to make a profit that reflects both scenarios: one where it rains and sales are lower, and one where it doesn't rain and sales are higher. To calculate the expected profit, the stand would need to estimate profits for each scenario, multiply those by their respective probabilities (50% for each), and then sum the results. Without specific profit figures for rainy and sunny conditions, the exact expected profit cannot be determined.
Distinguish between normal profit and abnormal profit?
Normal profit is the expected profit in a business. Abnormal profit comes from an unexpected source and is usually a unique instance.
What is the probability of profit for different options?
The probability of profit varies for different options and is influenced by factors such as market conditions, investment strategy, and risk tolerance. It is important to carefully analyze each option before making a decision to determine the likelihood of making a profit.
What describes someone's expected outcome from investing in the stock market?
Making profit from savings, describes someone's expected outcome from investing in the stock market. Making profit from savings
What describes someones expected outcome from investing the stock market?
Making profit from savings, describes someone's expected outcome from investing in the Stock Market. Making profit from savings
What is the probability of profit when considering different options?
The probability of profit varies depending on the specific options being considered. It is calculated by analyzing factors such as costs, revenues, market conditions, and risks associated with each option. Conducting a thorough analysis can help determine the likelihood of making a profit from different options.
What it the general term for activities that are expected to yield a profit?
Business activities.
What is the expected outcome from investing in the stock market?
The expected outcome is Profit. But, the actual outcome may be different if the stock selected was poor.
Are human service or health care organizations expected to act in a more ethical manner than for-profit organizations?
Both are expected to act ethically, but the nature of human services organizations require that they are more ethical. For the most part, human service companies and non profit organizations exists to help people; therefore, they must operate ethically.
