A company is considering three alternatives to deal with extra work load as shown below (in $100,000).If the likelihoods of easy, moderately difficult and extremely difficult are 0.2, 0.4 and 0.4, respectively, the expected cost of hiring temporary staff is ________________________ .

A)3.04
B)2.94
C)1.99
D)3.45
E)None of the above.

Question

A company is considering three alternatives to deal with extra work load as shown below (in $100,000) .If the likelihoods of easy, moderately difficult and extremely difficult are 0.2, 0.4 and 0.4, respectively, the expected cost of hiring temporary staff is ________________________ .

A)3.04 
B)2.94 
C)1.99 
D)3.45 
E)None of the above.

Quizplus · Accepted Answer

The Answer of A company is considering three alternatives to deal with extra work load as shown below (in $100,000).If the likelihoods of easy, moderately difficult and extremely difficult are 0.2, 0.4 and 0.4, respectively, the expected cost of hiring temporary staff is ________________________ .

A)3.04 
B)2.94 
C)1.99 
D)3.45 
E)None of the above.

A Company Is Considering Three Alternatives to Deal with Extra