A contractor is considering a sale that promises a profit of 39,000 with a probability of. 7 or a loss (due to bad weather, strikes, and such) of 11,000 whit a probability of. 3. What is the expected profit?
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Home » Mathematics » A contractor is considering a sale that promises a profit of 39,000 with a probability of. 7 or a loss (due to bad weather, strikes, and such) of 11,000 whit a probability of. 3. What is the expected profit?