A construction company is planning to bid on a building contract. The bid costs the company $1400. The probability that the bid is accepted is 1/4. If the bid is accepted, the company will make $17,600 minus the cost of the bid. What is the expected value in this situation?

$3,000

Step-by-step explanation:

There two possible outcomes:

There is a 3/4 chance that the bid is rejected for a value of -$1,400

There is a 1/4 chance that the bid is accepted for a value of $17,600 - $1,400.

The expected value of the situation is:

The expected value is $3,000.

i will pick c put check it over to be sure

step-by-step explanation:

f(x) has value 150 at x= 0

and 0 at x= 3

so d(f(x))/dt = slope = -150/3 = -50