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Mathematics, 04.04.2020 12:48 Jasten
9. A contractor is considering a sale that promises a profit of $27,000 with a probability of 0.7 or a loss (due to bad weather, strikes, and such) of $12,000 with a probability of 0.3. What is the expected value?
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9. A contractor is considering a sale that promises a profit of $27,000 with a probability of 0.7 or...
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