A Company Is Considering Three Alternatives to Deal with Extra

Multiple Choice

A company is considering three alternatives to deal with extra work load as shown below (in $100,000) .If the likelihoods of easy, moderately difficult and extremely difficult are 0.2, 0.4 and 0.4, respectively, the expected cost of hiring temporary staff is ________________________ .

A) 3.04
B) 2.94
C) 1.99
D) 3.45
E) None of the above.