Business, 21.08.2019 00:20, amariciara05

The ez construction company is offered a $20 comma 000 contract to build a new deck for a house. the company's profit if they do not have to sink piers (vertical supports) down to bedrock will be $4 comma 000. however, if they do have to sink the piers, they will lose $800. the probability they will have to put in the piers is 10%. what is the expected value of this contract? the expected value (ev) of this contract is $ nothing. (enter your response rounded to two decimal places.)

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The ez construction company is offered a $20 comma 000 contract to build a new deck for a house. the...