Answer:
$3,000
Step-by-step explanation:
There two possible outcomes:
There is a 3/4 chance that the bid is rejected for a value of -$1,400
There is a 1/4 chance that the bid is accepted for a value of $17,600 - $1,400.
The expected value of the situation is:

The expected value is $3,000.
Answer:
IDK this stuff is confusing
Step-by-step explanation:
Plz like and follow
maybe C? sorry i’m not the best at this