A contractor is considering a job that will yield a profit of $21,000 with a probability of 76% or a loss of $13,000 with a probability of 24%. What is the expected value of this job to the contractor? Report your answer rounded to the nearest dollar. NO CENTS.

The purchasing agent for a company that assembles and sells air-conditioning equipment in a latin american country noted that the cost of compressors has increased significantly each time they have been reordered. the company uses an eoq model to determine order size. what are the implications of this price escalation with respect to order size? what factors other than price must be taken into consideration?