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  3. suppose a bounty hunter captures a certain type of

Suppose a bounty hunter captures a certain type of fugitive 62% of the time. On...

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Basic Math

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Suppose a bounty hunter captures a certain type of fugitive 62% of the time. On average the apprehension of this type of criminal costs him $9,000 in expenses, but if he captures the criminal he receives a bounty(monetary reward) of $50,000.Based on this information, should the bounty hunter take the job?The expected value is -$27,580, so the bounty hunter should not take the job.The expected value is $22,000, so the bounty hunter should not take the job.The expected value is $27,580, so the bounty hunter should take the job.The expected value is $22,000, so the bounty hunter should take the job.

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