A pharmaceutical company executive has to decide whether to fund a new drug development project.For this project,a success would earn $90 million and a failure would cost $10 million in lost profits. At what probability of expected success should she fund the project?
A)0.10
B)0.20
C)0.80
D)0.90

Question

​A pharmaceutical company executive has to decide whether to fund a new drug development project.For this project,a success would earn $90 million and a failure would cost $10 million in lost profits. At what probability of expected success should she fund the project?
A)​0.10
B)0.20
C)0.80
D)​0.90

Quizplus · Accepted Answer

The Answer of ​A pharmaceutical company executive has to decide whether to fund a new drug development project.For this project,a success would earn $90 million and a failure would cost $10 million in lost profits. At what probability of expected success should she fund the project?
A)​0.10
B)0.20
C)0.80
D)​0.90

​A Pharmaceutical Company Executive Has to Decide Whether to Fund

A Pharmaceutical Company Executive Has to Decide Whether to Fund