Math201 final exam - Study guides, Class notes & Summaries

A CD has a 5% chance of being a smash hit and profiting $5.2 million, a 50% chance of being a modest success and profiting $0.9 million, and a 45% chance of being a flop and breaking even. What is the expected earnings value of the CD? Selected Answer: $710,000 Answers: $305,000 $500,000$710,000 $915,000 • Question 2 4.16667 out of 4.16667 points A box of 20 Crunchy Munchy cookies costs $2.50 and a box of 40 Crunchy Munchy cookies costs $4.00. One quart of milk costs $1.50. Which o...