For this question only let p probability that sales will be

For this question only, let \"p\" = probability that sales will be Good. For what value of \"p\" will the choices Rice Realm and Sushi Station have the same expected value?

Solution

Hence for p =0.0125 the two expected vaues would be equal

		Good	Fair	Prob for good	Prob for fair
Rice Realm	250000	50000	p	1-p
Sushi stn		325000	-75000	p	1-p
Teriyaki Turf	215000	35000	p	1-p
		790000	10000
	Expectation	790000p	10000-10000p
	If both are equal, 800000p =10000
	p	0.0125