Top answer: 9. (10 pts) An investment in a new product has 4 possible annual…

  

9. (10 pts) An investment in a new product has 4 possible annual… 9. (10 pts) An investment in a new product has 4 possible annual benefits and 2 possible annual costs with the probabilities of each shown in the following table. Construct a joint probability distribution table of benefits – costs. Which benefit – cost is most likely? Which is the highest benefit – cost. The lowest benefit – cost? What is the expected return (annual benefit – annual cost)? (Chapter 10)  Annual BenefitsProb Annual CostsProb$8,00025% $5,00070%$9,00020% $8,00030%$10,00045%   $15,00010%   This is all information given. Engineering & Technology Civil Engineering EGR 310