Question: Question 7 (Probability Distribution) Mr. G has to choose between mutually exclusive options C and D and the possible outcomes of each option are as

Question 7 (Probability Distribution) Mr. G has to choose between mutually exclusive options C and D and the possible outcomes of each option are as follows: Option C Cost Probability 0.29 0.54 0.17 15000 20000 30000 Option D Cost Probability 0.03 0.3 0.35 0.32 14000 17000 21000 24000 Both options will produce an income of $30000

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