An oil company is considering two sites on which to drill.

Last updated: 7/23/2022

An oil company is considering two sites on which to drill. The sites are described in the following table. Complete parts (a) through (b) below. Site A: Profit if oil is found: $90 million Site B:Loss if no oil is found: $12 million Probability of finding oil: 0.2 Profit if oil is found: $135 million Loss if no oil is found: $25 million Probability of finding oil: 0.1 a. Which site has the larger expected profit? Site A has the larger expected profit. Site B has the larger expected profit. The expected profits for both sites are the same. b. If the expected profit for both sites is not the same, by how much is the expected profit larger? million (Round to the nearest tenth as needed.)