Multiple Choice
Use the following information for question
Transcendent Technologies is deciding between developing a complicated thought-activated software,or a simple voice-activated software.Since the thought-activated software is complicated,it only has a 30% chance of actually going through to a successful launch,but would generate revenues of $50million if launched.The voice-activated software is simple and hence has a 80% chance of being launched but only generates a revenue of $10million.The complicated technology costs 10million,whereas the simple technology costs 2million.
-If the simplified technology costs $2 million to develop,what is the expected gain from developing the voice activated software
A) $5million
B) $6million
C) $7million
D) $10million
Correct Answer:
Verified
Correct Answer:
Verified
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