Posted by A on Tuesday, October 30, 2012 at 3:17pm.
a contractor is considering a sale that promises a profit of $20,000 with a probability of 0.7 or a loss (due to bad weather, strikes, and such) of $10,000 with a probability of 0.3. What is the expected profit?

math  Yo, Wednesday, February 24, 2016 at 9:37am
10,400
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