Question: Lori , a commercial building contractor, will commit her company to one of three projects depending on her analysis of potential profits or losses as

Lori, a commercial building contractor, will commit her company to one of three projects depending on her analysis of potential profits or losses as shown here.
Project A
Project B
Project C
Profit or Loss
x
Probability
P(x)
Profit or Loss
x
Probability
P(x)
Profit or Loss
x
Probability
P(x)
$550,000
0.190.19
$0
0.220.22
$990,000
0.730.73
11110,000
0.540.54
26260,000
0.360.36
38380,000
0.270.27
23230,000
0.270.27
28280,000
0.420.42
Determine which project Lori should choose according to expected values.
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Part 1
Choose the correct answer.
Project Upper A
Project Upper AProject A
Project Upper B
Project Upper BProject B
Project Upper C
Project Upper CProject C

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