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Mathematics, 12.12.2020 16:30 minmacurafinaa

Based on past experience, a building contractor sets the probability of wining a contract at 0.24. The contract is worth $121,000 and the cost to
produce the contract proposal is $10,000. What is the expected value of
the contract proposal?

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Based on past experience, a building contractor sets the probability of wining a contract at 0.24....

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