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I need help with this question On Apiti 1St.. Bob the Bulider entered into a contract of one-month duration to buld a barri for Nolan
I need help with this question
On Apiti 1St.. Bob the Bulider entered into a contract of one-month duration to buld a barri for Nolan Bob is guaranteed to recefve a base fee of 55.400 for hic services in addition to a borvos depending on when the project is complefed. Nolan creoted incentives for Bob to finish the bam as soon as he can without feopardizing the structural integrity of the barn. Nolan offered to pay an additionsl 20 of of the base fee if the project finished 2 weeks foarty and 15% if the project finished a week eariy. The probabitity of finishing 2 weeks early 1520% and the probability of finishing a week early is 65% What is the expected transection poice with variable consideration estimated as the expected value? Mumple Chickee 5530 56742 5.400 36.957 Step by Step Solution
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