Find expected value - key informaiton

Reference no: EM13119126

Expected Value : key informaiton
After careful testing and analysis, an oil company is considering drilling in two different sites. It is estimated that site A will net $20 million if successful (probability .4) and loose $3 million if not (probability .6); site B will net $70 million if successful (probability .3) and loose $5 million if not (probability .7). Witch site should the company choose according to the expected return from each site?

A. What is the expected return for site A? ___Million
B. What is the expected return for site b? ___Million

Reference no: EM13119126

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