Solve the problem.A contractor is considering a sale that promises a profit of $23,000 with a probability of .7 or a loss (due to bad weather, strikes, and such) of $9000 with a probability of .3. What is the expected profit?
A. $14,000
B. $22,400
C. $13,400
D. $16,100
Answer: C
Mathematics
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A.
B.
C.
D.
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