Suppose a bounty hunter captures a certain type of fugitive

Last updated: 7/17/2022

Suppose a bounty hunter captures a certain type of fugitive 62% of the time. On average the apprehension of this type of criminal costs him $9,000 in expenses, but if he captures the criminal he receives a bounty(monetary reward) of $50,000. Based on this information, should the bounty hunter take the job? The expected value is -$27,580, so the bounty hunter should not take the job. The expected value is $22,000, so the bounty hunter should not take the job. The expected value is $27,580, so the bounty hunter should take the job. The expected value is $22,000, so the bounty hunter should take the job.