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

## Answer This Question

## Related Questions

- Math - {lease help :) A contractor is considering a sale that promises a profit...
- math - A contractor is considering a sale that promises a profit of $ 26,000 ...
- math - A contractor is considering a sale that promises a profit of $20,000 with...
- Math - A contractor is considering a sale that promises a profit of $30,000 with...
- Alegebra - Can some one please help me with this 3 problems I have a hard time ...
- math 122 - the probability of having teams that will attract a large crowd is 0....
- Math - Probability - A developer can buy a piece of property that will produce a...
- Statistics - An investor is considering an investment in a start-up company. she...
- math - A certain sweepstakes ticket has four categories of prizes with the ...
- economics - A company is considering a plan that has different profit results ...

More Related Questions