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Mathematics, 10.11.2019 04:31 Juli8283

Acontractor is considering a sale that promises a profit of $35 comma 000 with a probability of 0.7 or a loss (due to bad weather, strikes, and such) of $18 comma 000 with a probability of 0.3. what is the expected profit?

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Acontractor is considering a sale that promises a profit of $35 comma 000 with a probability of 0.7...
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