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1 A construction company is planning to bid on a building contract. The bid costs the company $1200. The probability that the bid is

1 A construction company is planning to bid on a building contract. The bid costs the company $1200. The probability that the bid is accepted is is accepted, the company will make $42,000 minus the cost of the bid. If the bid 10 a. What is the expected value in this situation? $ (Round to the nearest dollar.)

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