A car repair company (that receives payments on a daily basis) is going to select which car repair offer to accept (A, B, C or D) in order to maximize the company income a) Calculate the expected...

A car repair company (that receives payments on a daily basis) is going to select which car repair offer to
accept (A, B, C or D) in order to maximize the company income
a) Calculate the expected value (mean) of the different repair offers and indicate which repair offer (A, B, C
or D) to accept (i.e. the one with the maximum expected value).
b) If the repair is completed in less than or equal to 3 days, the company will receive an extra one time
payment of 1000 USD in all the offers. Considering this new situation, will the repair that offers the maximum
income change?

Extracted text: Repair Offer Daily Payment The probability of The probability of completion in 2 days completion in 3 days completion in 4 days The probability of A 800 0.5 0.3 0.2 B 700 0.2 0.5 0.3 900 0.6 0.3 0.1 D 850 0.5 0.2 0.3