. Sasuke of Hokage Design and Build Company has two bidding appointments on a given day. At the first appointment, he believes that he has a 80% chance to make the deal, from which he can earn 10,000 pesos commission if successful. On the other hand, he thinks he only has a 45% chance to make the deal at the second appointment, from which, if successful, he can make 15,000. What is his expected commission based on his own probability belief? Assume that the appointment results are independent of each other. a) 20,750 b) 17,750 c) 15,750 d) 14,750

. Sasuke of Hokage Design and Build Company has two bidding appointments on a given day. At the first appointment, he believes that he has a 80% chance to make the deal, from which he can earn 10,000 pesos commission if successful. On the other hand, he thinks he only has a 45% chance to make the deal at the second appointment, from which, if successful, he can make 15,000. What is his expected commission based on his own probability belief? Assume that the appointment results are independent of each other. a) 20,750 b) 17,750 c) 15,750 d) 14,750

A First Course in Probability (10th Edition)

10th Edition

ISBN:9780134753119

Author:Sheldon Ross

Publisher:Sheldon Ross

Chapter1: Combinatorial Analysis

Section: Chapter Questions

Problem 1.1P: a. How many different 7-place license plates are possible if the first 2 places are for letters and...

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