Mathematics

Mathematics, 09.12.2020 02:00, lbell4776

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?

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Based on past experience, a building contractor sets the probability of winning a contract at 0.10....

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