<u>Answer:</u>
The expected value of construction company is $30500.
<u>Solution:</u>
Given, A construction company is planning to bid on a building contract.
The bid costs $1,500 and has an 80% chance of being accepted.
If accepted, the company will receive $40,000 dollars.
We have to find the expected value.
We know that,
Expected value = probability 
amount gained by bidding – bid amount
Expected value = 80% x 40000 – 1500
Expected value = 0.8 x 40000 – 1500
Expected value = 32000 – 1500
Expected value = 30500
Hence, the expected value is $30500.
Garbage can is the answer
Answer:
4) -3
Step-by-step explanation:
A lot has area :A = 600 sq. yardsIt has a frontage of 40 feet. We have to calculate the length of the lot, if it was a rectangular in shape.Area of a Rectangle = Length x Width600 = L x 40L = 600 : 40L = 15 feetAnswer: The length of the lot measures 15 feet.
Answer:
L/k
Step-by-step explanation:
If Tim has a wire that is L inches long and each piece is k inches long, then you would divide the total length by the length of each individual to get the number of pieces.
So,
L/k
