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Business, 26.07.2019 14:30 ionmjnm3041

Aconstruction company is planning to bid on a building contract. the bid costs the company $16001600. the probability that the bid is accepted is 2/5. if the bid is accepted, the company will make $21 comma 50021,500 minus the cost of the bid. a. what is the expected value in this situation?

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Aconstruction company is planning to bid on a building contract. the bid costs the company $16001600...
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