Finding Expected Value
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Two different routes accommodate travel between two cities. Route A normally takes 60 minutes, and route B normally takes 45 minutes. If traffic problems are encountered on route A, the travel time in ...there is moreshow problemTwo different routes accommodate travel between two cities. Route A normally takes 60 minutes, and route B normally takes 45 minutes. If traffic problems are encountered on route A, the travel time increases to 70 minutes: traffic problems on route B increase travel time to 90 minutes. The probability of a delay is .20 for route A and .30 for route B.
I need the work shown for the answers to question A
a)using the expected value approach, what is the recommended route?
answer is Route B: EV=58.5
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