A contractor is considering a sale that promises a profit of 26,000 with a probability of 0.7 or a loss (due to bad weather stri
2 answers:
Answer:
A
Step-by-step explanation:
The expected profit would be the sum of all the possibility multiplied. It means,
<em>"We need to multiply the profit by its possibility and add it with the product of the loss and its possibility."</em>
<em />
This will be the expectation, or expected profit.
Let's do it:
Expected Profit =
The correct answer is A
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