B For this problem, use the fact that the expected value of an event is a probability weighted average, the sum of each

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B For This Problem Use The Fact That The Expected Value Of An Event Is A Probability Weighted Average The Sum Of Each 1 (98.96 KiB) Viewed 25 times

B For this problem, use the fact that the expected value of an event is a probability weighted average, the sum of each probable outcome multiplied by the probability of the event occurring. You wish to hiro Ron to manage the Dallas operations of your company. The profits from the operations depend partially on how hard Ron works, follows Help me solve the Etext pages. wype here to search Get more help. O Hi Ron is lazy. Ive wil sanf the Internet all day, and he views this as a zero cast opportunity. However, Ron would view working hard as a "personal cost valued at $2,000. What foxed percentage of the profits should you offer Ron? Assume Ron only cares about his expected payment less any personal cost You should offer Ron at least of the profis. (Round your response to two decimal places) P Questions, End-of-Chapter Exercise 24 C F Lazy Hard worker Probabilities Profit $15.000 70% 30% Profit-$45,000 30% 70% DELL O Points: 0 of 1 Clear all 84°F Partly sunny Check answer 565 22 6/29/7103