Hugh Buys $8000 Worth of Stock in an Electronics Company $$\begin{array} { l | c c c } \text { Profit } & \$ 21,000 & \$ 17,000 & \$ 5000 \\\hline \text { P(Profit } ) & 0.2 & 0.5 & 0.3\end{array}$$

Multiple Choice

Hugh buys $8000 worth of stock in an electronics company which he hopes to sell afterward at a profit.The company is developing a new laptop computer and a new desktop computer.If it releases both computers before its competitor,the value of Hugh's stock will jump to $21,000.If it releases one of the computers before its competitor,the value of Hugh's stock will jump to $17,000.If it fails to release either computer before its competitor,Hugh's stock will be worth only $5000.Hugh believes that there is a 40% chance that the company will release the laptop before its competitor and a 50% chance that the company will release the desktop before its competitor. Create a probability model for Hugh's profit.Assume that the development of the laptop and the development of the desktop are independent events.

A) $$\begin{array} { l | c c c } \text { Profit } & \$ 21,000 & \$ 17,000 & \$ 5000 \\\hline \text { P(Profit } ) & 0.2 & 0.5 & 0.3\end{array}$$
B) $$\begin{array} { | l | c c c | } \hline \text { Profit } & \$ 13,000 & \$ 9000 & - \$ 3000 \\\hline \text { P(Profit } ) & 0.2 & 0.5 & 0.3\end{array}$$
C) $$\begin{array} { | l | c c c | } \hline \text { Profit } & \$ 13,000 & \$ 9000 & - \$ 3000 \\\hline \text { P(Profit } ) & 0.2 & 0.2 & 0.3\end{array}$$
D) $$\begin{array} { l | c c c } \text { Profit } & \$ 21,000 & \$ 17,000 & \$ 5000 \\\hline \text { P(Profit) } & 0.2 & 0.9 & 0.3\end{array}$$
E) $$\begin{array} { l | c c c } \text { Profit } & \$ 13,000 & \$ 9000 & - \$ 3000 \\\hline \text { P(Profit } ) & 0.9 & 0.2 & 0.3\end{array}$$