Mathematics, 07.05.2021 15:40 TerronRice

Based on past experience, a building contractor sets the probability of winning a contract at 0.10. The contract is
worth $75,000 and the cost to prepare the contract proposal
is $10000. What is the expected value of the contract
proposal?

Answers: 3

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More questions: Mathematics Another questions

Based on past experience, a building contractor sets the probability of winning a contract at 0.10. The contract is worth $75,000 and the cost to prepare the contract proposal is $10000. What is the expected value of the contract proposal?

Answers

Another question on Mathematics

Based on past experience, a building contractor sets the probability of winning a contract at 0.10. The contract is
worth $75,000 and the cost to prepare the contract proposal
is $10000. What is the expected value of the contract
proposal?