10) An architect is considering bidding for the design of a new shopping mall. The cost of drawing plans and submitting a model is $10,000. The probability of being awarded the bid is 0.09, and anticipated

profits are

$100,000, resulting in a possible gain of this amount minus the $10,000 cost for plans and a

model. What is the expected value in this situation? Answers without any work shown will

receive no credit.

A) $8000

B) $9000

C) -$1000

D) $8100