An architect is considering bidding for the design of a new museum. The cost of drawing plans and submitting a model is $15,000. The probability of being awarded the bid is 0.2. If the architect is awarded the bid, she will make $75,000 minus the $15,000 cost for plans and a model. Complete parts a. through b. below. a. What is the expected value in this situation? $ (Round to the nearest dollar.) b. Choose the statement below that best describes what this value means. A. In the long run, the architect would expect to break even O B. In the long run, the architect would expect to earn this amount. O C. In the long run, the architect would expect to lose this amount O D. None of the above