Reference no: EM132816702
Problem 1: Let's assume that Baker Mayfield is released and the Browns have an option to trade for Kyler Murray for next season as their starting quarterback. Because Murray runs the ball a lot, he is more of an injury risk than other quarterbacks. His individual per-game production in terms of wins could be A) 0.5, B) 0.25, or C) 0.1. Calculate the expected total return for Murray next year, based on the following table (round to two decimal points):
Outcome Probability
Gets Hurt, Plays 0 games 10%
Gets Hurt, Plays 8 games, Produces B 15%
Gets Hurt, Plays 8 games, Produces C 5%
Gets Hurt, Plays 12 games, Produces B 20%
Gets Hurt, Plays 12 games, Produces C 10%
No Injury, Plays 16 games, Produces A 25%
No Injury, Plays 16 games, Produces B 10%
No Injury, Plays 16 games, Produces C 5%