Mathematics
Mathematics, 10.10.2019 04:30, xlebrny1215

Acontractor is considering a sale that promises a profit of 26,000 with a probability of 0.7 or a loss (due to bad weather strikes, and such) of $8000 with a probability of 0.3. what is the expected profit?

a. $15,800
b. $23,000
c. 18,000

how do i solve this?

answer
Answers: 2

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Acontractor is considering a sale that promises a profit of 26,000 with a probability of 0.7 or a lo...

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