Imagine that the US is preparing for the outbreak of an unusual emergent virus, let's call it COVID-19 for fun, which is expected to kill 600 people. Two alternative programs to combat the disease have been proposed. Assume that the exact scientific estimates of the consequences of the programs are as follows...

If Program A is adopted, 200 people will be saved.

If Program B is adopted, there is a ⅓ probability that 600 people will be saved, and a ⅔ probability that no people will be saved.

Which program should be instituted and why?

Answer rating: 100% (QA)

To determine which program should be instituted we can use the concept of Expected Value whic... View the full answer