A flag manufacturer has already launched a new product that will potentially gain two new customers, US Flag Inc. and USA Flags LLC. The company estimates that there is a 50% chance of signing each new customer post-launch. The profitability of each customer is roughly $1m. The projected increase in profit is ___________. a)  $0   b)  $250   c) $500k   d) $1m

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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A flag manufacturer has already launched a new product that will potentially gain two new customers, US Flag Inc. and USA Flags LLC. The company estimates that there is a 50% chance of signing each new customer post-launch. The profitability of each customer is roughly $1m. The projected increase in profit is ___________.

a)  $0

 

b)  $250

 

c) $500k

 

d) $1m

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