Determine whether the following statement is true or false if the statement is f

Question

Determine whether the following statement is true or false if the statement is false, make the necessary charge(s) to produce a true statement Business decisions are made based on expected values of zero. Choose the correct answer below. A. The statement is true. Business are concerned about the point where they break even, so they want to know when the expected value is zero. B. The statement does not make sense. A correct statement is "Business decisions are made by finding the expected value where the revenue for each outcome, in dollars and cents, is multiplied by the probability of each outcome" C. The statement does not make sense. A correct statement is "Business decisions are made only by finding the probability of different possible outcomes" D. The statement does not make sense. A correct statement is "Business decisions are made by finding the expected value where the gain or loss for each outcome, in dollars and cents, is multiplied by the probability of each outcome"

Explanation / Answer

In general good decisions makes good business, so revenue of each element/outcome must be considerably good.

The only possibility is option (B)

Because, finding the expected value of the outcome before it went to loss.

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