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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?
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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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