Mathematics
Mathematics, 18.12.2019 17:31, justinrojo621

Acontractor is considering a project that promises a profit of $46,000 with a probability of 0.7, or a loss (due to bad weather, strikes, and such) of $12,000 with a probability of 0.3.
if many projects have these same probabilities and costs, how much should the contractor expect to earn on average per contract?

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Answers: 2

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Acontractor is considering a project that promises a profit of $46,000 with a probability of 0.7, or...

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