Two Criteria For A Toy Store A Average Premium Of 4000 Probability Of 0 65 B Average 3521900
Two criteria for a toy store: a. average premium of $4000 (probability of 0.65) b. average annual net return of $1500(probability of 0.20) To improve the toy store, 2 alternatives: The costs of this program are $2,200 annually. The cost is $750 per year Questions: Calculate the net returns toy store A and toy store B for each of the two support programs At what probability of obtaining an A toy store from the 1st alternative program would the toy store owner be indifferent using the expected value approach between the two toy stores assuming all else stays the same?
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