Find the expected value.
-A contractor is considering a sale that promises a profit of $39,000 with a probability of 0.7 or a loss (due to bad weather, strikes, and such)of $3000 with a probability of 0.3. What is the expected profit?
A)$29,400
B)$36,000
C)$27,300
D)$26,400

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The Answer of Find the expected value.
-A contractor is considering a sale that promises a profit of $39,000 with a probability of 0.7 or a loss (due to bad weather, strikes, and such)of $3000 with a probability of 0.3. What is the expected profit?
A)$29,400
B)$36,000
C)$27,300
D)$26,400

Find the Expected Value