15a) A company makes electronic gadgets. One out of every 60 gadgets is faulty but the company is unaware of which ones are faulty until a buyer complains. If the company makes a $4 profit on the sale of any working gadget, but loses $70 for every faulty gadget due to repairs. Will the company expect a profit in the long term. Determine the outcome/value and probability for each event.

b) find the expected value

c) will the company expect a profit in the long term? explain why or why not