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Question 8 1 pt A contractor is considering a sale that promises a profit of $38,000 with a probability of 0.7 or a loss (due

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Question 8 1 pt A contractor is considering a sale that promises a profit of $38,000 with a probability of 0.7 or a loss (due to bad weather, strikes, and such) of $16,000 with a probability of 0.3. What is the expected profit? O $26,600 O $22,000 $37,800 O $21,800

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