Call Now to Set Up Tutoring:

(888) 888-0446

Create an account to track your scores
and create your own practice tests:

Create an Account Create a Practice Test

Test: Common Core: High School - Statistics and Probability

Big Builders Corporation needs to choose between Job A and Job B, because it can only complete one project at a time.

The projected cash flows of the two projects are as follows:

$\begin{Bmatrix} Job\ A: & \\ P(lose\ \$1,000,000)=.25& \\ P(break\ even)=.25 & \\ P(make\ \$10,000,000)=.5 & \end{Bmatrix}$

$\begin{Bmatrix} Job\ B: & \\ P(lose\ \$100,000)=.25& \\ P(break\ even)=.15 & \\ P(make\ \$1,000,000)=.6 & \end{Bmatrix}$

Which project should Big Builders Corporation choose?

Job B

Job A

Neither, because both Job A and Job B have negative expected payoffs.

1/2 questions

Report an Error Copyright Notice

DMCA Complaint

If you believe that content available by means of the Website (as defined in our Terms of Service) infringes one or more of your copyrights, please notify us by providing a written notice (“Infringement Notice”) containing the information described below to the designated agent listed below. If Varsity Tutors takes action in response to an Infringement Notice, it will make a good faith attempt to contact the party that made such content available by means of the most recent email address, if any, provided by such party to Varsity Tutors.

Your Infringement Notice may be forwarded to the party that made the content available or to third parties such as ChillingEffects.org.

Please be advised that you will be liable for damages (including costs and attorneys’ fees) if you materially misrepresent that a product or activity is infringing your copyrights. Thus, if you are not sure content located on or linked-to by the Website infringes your copyright, you should consider first contacting an attorney.

Please follow these steps to file a notice:

You must include the following:

A physical or electronic signature of the copyright owner or a person authorized to act on their behalf; An identification of the copyright claimed to have been infringed; A description of the nature and exact location of the content that you claim to infringe your copyright, in \ sufficient detail to permit Varsity Tutors to find and positively identify that content; for example we require a link to the specific question (not just the name of the question) that contains the content and a description of which specific portion of the question – an image, a link, the text, etc – your complaint refers to; Your name, address, telephone number and email address; and A statement by you: (a) that you believe in good faith that the use of the content that you claim to infringe your copyright is not authorized by law, or by the copyright owner or such owner’s agent; (b) that all of the information contained in your Infringement Notice is accurate, and (c) under penalty of perjury, that you are either the copyright owner or a person authorized to act on their behalf.

Send your complaint to our designated agent at:

Charles Cohn Varsity Tutors LLC
101 S. Hanley Rd, Suite 300
St. Louis, MO 63105

Or fill out the form below:

Do not fill in this field

Contact Information

* Full legal name

Company name

* Phone number

* Email address

Address

* Address1

Address2

* City

* State

* Zipcode

* Country

Complaint Details

* URL of copyrighted work (where your original material is located)

* Please describe the copyrighted work so that it may be easily identified

I am the owner, or an agent authorized to act on behalf of the owner of an exclusive right that is allegedly infringed.

I have a good faith belief that the use of the material in the manner complained of is not authorized by the copyright owner, its agent, or the law.

This notification is accurate.

I acknowledge that there may be adverse legal consequences for making false or bad faith allegations of copyright infringement by using this process.

* Signature (your digital signature is legally binding)

View Tutors

Joseph
Certified Tutor

Bentley College, Bachelor of Science, Marketing. Bentley College, Master of Science, Organizational Leadership.

View Tutors

Wendy
Certified Tutor

Memorial University of Newfoundland, Master of Arts, English.

View Tutors

Steven
Certified Tutor

Florida International University, Bachelor of Science, Biology, General.

Popular Subjects

GRE Tutors in Denver, Calculus Tutors in Miami, ISEE Tutors in Chicago, LSAT Tutors in Chicago, Spanish Tutors in Boston, MCAT Tutors in Los Angeles, ACT Tutors in Boston, LSAT Tutors in San Francisco-Bay Area, Computer Science Tutors in Seattle, Chemistry Tutors in Miami

Popular Courses & Classes

Spanish Courses & Classes in Houston, GMAT Courses & Classes in Miami, LSAT Courses & Classes in Dallas Fort Worth, LSAT Courses & Classes in Seattle, SSAT Courses & Classes in Boston, GMAT Courses & Classes in Boston, LSAT Courses & Classes in Atlanta, GRE Courses & Classes in Washington DC, GMAT Courses & Classes in Atlanta, ISEE Courses & Classes in Houston

Popular Test Prep

GRE Test Prep in Chicago, SSAT Test Prep in New York City, SSAT Test Prep in Boston, GRE Test Prep in Houston, ISEE Test Prep in New York City, MCAT Test Prep in Los Angeles, ISEE Test Prep in Houston, ISEE Test Prep in Chicago, SAT Test Prep in San Diego, ISEE Test Prep in Atlanta

HIGH SCHOOL

GRADUATE SCHOOL

K-8

Search 50+ Tests

math tutoring

science tutoring

foreign languages

elementary tutoring

other

Search 350+ Subjects

Create an account to track your scores
and create your own practice tests:

Report an issue with this question

Test: Common Core: High School - Statistics and Probability