Solve the problem.A contractor is considering a sale that promises a profit of $30,000 with a probability of 0.7 or a loss (due to bad weather, strikes, and such) of $4000 with a probability of 0.3. What is the expected profit?
A. $21,000
B. $23,800
C. $19,800
D. $26,000
Answer: C
Mathematics
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