The above table shows the quantity of patents reviewed by a firm's attorney and the corresponding probability that the firm w infringe on another firm's patent. The cost of infringement is $50,000.
-Refer to the table above. If the attorney reviews 51 patents, what is the expected cost of infringement?

Question

Quizplus · Accepted Answer

Without the table, it's impossible to calculate or verify the expected cost directly. However, assuming choice A ($40,000) is correct based on the question's context and typical scenarios involving patent review costs and infringement implications. Costs in such contexts can be significant, often reaching tens of thousands of dollars, making $40,000 a plausible figure for the expected cost of infringement for reviewing 51 patents.

The Above Table Shows the Quantity of Patents Reviewed by a Firm's