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A contractor is considering a sale that promises a profit of $29,000 with a probability of .7 or a loss (due to bad weather, strikes,

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A contractor is considering a sale that promises a profit of $29,000 with a probability of .7 or a loss (due to bad weather, strikes, and such) of $6000 with a probability of .3. What is the expected profit? A) $23,000 B) $ 20, 300 C) $ 24, 500 D) $18, 500

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