A contractor is considering whether he should take on a project that promises a profit of $8800 with a probability of 0.83 or a loss (due to bad weather, strikes, etc.) of $2900 with a probability of 0.17. What is the expected profit for the contractor

6811

Step-by-step explanation:

in this problem the values are 8800 and -2900 and the respective probabilities are 0.83 and 0.17

--

so the expected profit o# sum = (x*P(x))=8800*(0.83)+(-2900)*(0.17)=6811

c. (3,2,6) is the answer.

to find the total number of combinations, multiply the quantity of each item by each other:

2 pairs of shoes x 3 pairs of shorts = 6 different combinations.