question archive A contractor is considering a sale that promises a profit of $39,000 with a probability of 0
A contractor is considering a sale that promises a profit of $39,000 with a probability of 0
Subject:MathPrice: Bought3
A contractor is considering a sale that promises a profit of $39,000 with a probability of 0.7 or a loss (due to bad weather, strikes, and such) of $14,000 with a probability of 0.3. What is the expected profit?
