An architect is considering bidding for the design of a new museum. the cost of drawing plans and submitting a model is $13 comma 000. the probability of being awarded the bid is 0.1. if the architect is awarded the bid, she will make $130 comma 000 minus the $13 comma 000 cost for plans and a model.
what is the expected value in this situation?

If your score on your next statistics test is converted to a z score, which of these z scores would you prefer: minus2.00, minus1.00, 0, 1.00, 2.00? why? a. the z score of 2.00 is most preferable because it is 2.00 standard deviations above the mean and would correspond to the highest of the five different possible test scores. b. the z score of 0 is most preferable because it corresponds to a test score equal to the mean. c. the z score of minus2.00 is most preferable because it is 2.00 standard deviations below the mean and would correspond to the highest of the five different possible test scores. d. the z score of minus1.00 is most preferable because it is 1.00 standard deviation below the mean and would correspond to an above average