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You go to a casino in Las Vegas and play a game whose possible outcomes...

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You go to a casino in Las Vegas and play a game whose possible outcomes are negative numbers mean you lose mone: 5200, 5100, 50, $100 and $200. The probabilities of these outcomes are respectively. 0.1.0.2.0.150.25, and 0.3. If you have to pay $50 to play this game, what is the expected value of your net earrings O 3.95 5-125 0575 30 Question 2 1 pts a Your company wants to build a new plant, and it has to choose one of three possible plant sizes: targe, medium or small The table below shows the profits associated with each plant size. Demand for your company's product can be low, moderate or high, with probabilities 20% 50% and 30%, respectively. Which plant size should your company select it it wants to maximize the expected value of its proht? Low demand Moderate demand High demand Small plant 150 100 120 Medium plant 200 Large plant -50 Probabilities 20% 50X 30% BO 160 20 300 Small punt size with $110 expected aloe of prot Large plant size with $300 expected value of pront Medium plant in with 5156 expected value of profit Medium plants with 5440 expected value of it

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