An airline is considering adding a route to the city of

Last updated: 4/20/2023

An airline is considering adding a route to the city of Shreveport Louisiana Market research predicts that if the airline serves Shreveport there is a 42 probability of making a 700 000 profit a 22 chance of breaking even and a 36 probability of losing 1 000 000 What is the expected value of adding a route to Shreveport O loss of 66 000 O gain of 66 000 Oloss of 30 340 O gain of 30 340 QUESTION 6 There is a football game on Friday evening If it is raining 5000 people are expected to attend If it is not raining 18000 people are expected The weather forecast is for 19 chance of rain on Friday What is the expected attendance at the game 147130 15120 15530 017000