Which of the following statements is true?
A. The expected cost of not fixing the car is less than the cost of fixing it.
B. The expected cost of not fixing the car is greater than the cost of fixing it.
C. It is not possible to tell whether the expected cost of fixing the car is less than the cost of fixing it, because the probabilities are subjective.
D. It is not possible to tell whether the expected cost of fixing the car is less than the cost of fixing it, because the probabilities are not equal.
Answer:B
Which of the following statements is true?
A. The expected cost of not fixing the car is less than the cost of fixing it. B. The expected cost of not fixing the car is greater than the cost of fixing it. C. It is not possible to tell whether the expected cost of fixing the car is less than the cost of fixing it, because the probabilities are subjective. D. It is not possible to tell whether the expected cost of fixing the car is less than the cost of fixing it, because the probabilities are not equal.