Mathematics, 08.12.2021 03:40 lilpeepxliltracy
A contractor is considering a sale that promises a profit of $21,000 with a probability of 0.7 or a loss (due to bad weather, strikes, and such) of $15,000 with a probability of 0.3. What is the expected profit?
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A contractor is considering a sale that promises a profit of $21,000 with a probability of 0.7 or a...
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