An oil company is considering two sites on which to drill, described as follows: Site A: Profit if oil is found: $120 million Site B: Profit if oil is found: $180 million Loss if no oil is found: $20 million Loss if no oil is found: $30 million Probability of finding oil: 0.2 Probability of finding oil: 0.1 a. Which site has the larger expected profit? Site A has the larger expected profit. Your answer is correct. Site B has the larger expected profit. The expected profits for both sites are the same. b. If the expected profit for both sites is not the same, by how much is the expected profit larger? $ nothing million (Round to the nearest tenth as needed.) I need answer B and and explanation. Because I can calculate it as bigger, but my anwser doesn't match B.
