Question

Mr. X often flies from a to
b. He can use the airport bus which cost rs. 25 but if he takes it, there is 0.08 chance that he will miss the flight. The stay in a hotel costs rs. 270 with 0.96 chance of being on time for the flight. For rs. 350 he can use a taxi which will make 99% chance of being on time for the flight. If x catches the plane on time, he will conclude a business transaction which will produce a profit of rs. 10000, otherwise he will lose it. Use emv to find x's decision. (assume the airline refunds full fare if he misses the flight)

Answer 1

Answer:

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