The Smithsonian Institute is in possession of the Hope Diamond and would like to find a new

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Question:

The Smithsonian Institute is in possession of the Hope Diamond and would like to find a new security system to protect this diamond from theft. There are three products under consideration, each with a cost of $3 million to implement. Which product should be purchased? Product A: Probability / Outcome .20 / 33% .15 / 15% .10 / -10% Product B: Probability / Outcome .40 / 17% .22 / 7.5% .10 / -1% Product C: Probability / Outcome .33 / 20% .25 / 17% .15 / -20% Prod

Group of answer choices

Product A

Product B

Product C

Either A or C, because they have equal outcomes Flag this Question

Question 191

pts Comcast has three choices of which new technologies to acquire for the development of its fiber optic cable installation initiative. Which of the following should Comcast pursue? Investment A Probability / Outcome .50 / 5% .15 / 30% .20 / -7% Investment B Probability / Outcome .45 / 15% .30 / 25% .15 / -10% Investment C Probability / Outcome .35 / 35% .10 / 15% .30 / -10%

Group of answer choices

a. Investment A

b. Investment B

c. Investment C

d. A and C yield the same result

Question 201 pts

The World Phone, Inc. currently has $100,000 to invest in new technology for the firm. There are three possible technologies the firm can invest in. Which of the following should The World Phone pursue? Investment A Probability / Outcome .40 / 15% .35 / 10% .25 / -7.5% Investment B Probability / Outcome .60 / 10% .30 / 20% .10 / -5% Investment C Probability / Outcome .50 / 15% .20 / 10% .30 / -5%

Group of answer choices

a. Investment A

b. Investment B

c. Investment C

d. Investments A and B yield the same result.