Solve the problem.
-A contractor is considering a sale that promises a profit of $26,000 with a probability of 0.7 or a loss (due to bad weather, strikes, and such) of $1000 with a probability of 0.3. What is the expected Profit?
A) $18,200
B) $25,000
C) $18,900
D) $17,900

Question

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The Answer of Solve the problem.
-A contractor is considering a sale that promises a profit of $26,000 with a probability of 0.7 or a loss (due to bad weather, strikes, and such) of $1000 with a probability of 0.3. What is the expected Profit?
A) $18,200
B) $25,000
C) $18,900
D) $17,900

Solve the Problem. -A Contractor Is Considering a Sale That Promises a Profit