SOLUTION: Don Vello is considering bringing a lawsuit against the Dummote Chemical company. His lawyer estimates that their is 70% chance Don will make $60,000, a 10% chance Don will break e
Algebra ->
Probability-and-statistics
-> SOLUTION: Don Vello is considering bringing a lawsuit against the Dummote Chemical company. His lawyer estimates that their is 70% chance Don will make $60,000, a 10% chance Don will break e
Log On
Question 732011: Don Vello is considering bringing a lawsuit against the Dummote Chemical company. His lawyer estimates that their is 70% chance Don will make $60,000, a 10% chance Don will break even, and a 20% chance they will lose the case and Don will need to pay $30,000 in legal fees. Estimate Don's expected gain or loss if proceeds with the lawsuits. Answer by lynnlo(4176) (Show Source):