Mathematics, 11.12.2019 04:31 michaelgold1

An architect is considering bidding for the design of a new museum. the cost of drawing plans and submitting a model is $13 comma 000. the probability of being awarded the bid is 0.1. if the architect is awarded the bid, she will make $130 comma 000 minus the $13 comma 000 cost for plans and a model.
what is the expected value in this situation?

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An architect is considering bidding for the design of a new museum. the cost of drawing plans and su...