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18 Using the EV method, which decision alternative will you chose? a) Sell company b) Form Joint Venture c) Sell software on own Success Moderate Success Neutral Failure Probability 0.1 0.3 0.4 Sell Company 93 93 93 93 Form Joint Venture 210 180 120 55 Sell Software on own 420 250 148 -100 Submit Answer format: Text no A local dub plans to invest $10000to host a baseball game. They expect to sell tickets worth $15943. But if it rains on the day of game, they won't sell any tickets and the club will lose all the money invested. If the weather forecast for the day of game is 20% possibility of rain, what is the expected value of investing in the baseball game? Rain No Rain 0.2 Probability 10000 Leave money in bank 10000 Invest in Baseball game 0 15943 Submit Answer format: Number: Round to: 1 decimal places E A At the carnival, we found a bean bag toss booth. There's a 0.67 probability of throwing the bean bag into the outer ring, a 0.12 probability of throwing it into the middle ring, and the remaining probability throwing it into the center of the target. Tickets are awarded depending on which ring the bean bag lands in. We get 1 ticket for the outer ring, 2 tickets for the middle ring, and 3 tickets for the center. What is the expected value (number of tickets) we will get if we play the game 10 times? Outer Ring Middle Ring Center Ring 0.12 Probability 0.67 Tickets 2 3 Suome Answer format: Number: Round to: 1 decimal places