Mathematics, 08.12.2020 20:30 chimmyy14

Based on past experience, a building contractor sets the probability of winning a contract at 0.30. The contract is
worth $25,000 and the cost to prepare the contract proposal
is $2400. What is the expected value of the contract
proposal?

Answers: 1

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Based on past experience, a building contractor sets the probability of winning a contract at 0.30....