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Spring 22-Demarais-MGF1106-51-002-HY-T 7:00-8:15 Savannah Brooks Homework: HW 11.8 Question 3, 11.8.5 HW Score: 33.33%, 2.33 of 7 points Part 1 of 2 Points: 0 of

Spring 22-Demarais-MGF1106-51-002-HY-T 7:00-8:15 Savannah Brooks Homework: HW 11.8 Question 3, 11.8.5 HW Score: 33.33%, 2.33 of 7 points Part 1 of 2 Points: 0 of 1 Save An architect is considering bidding for the design of a new museum. The cost of drawing plans and submitting a model is $17,000. The probability of being awarded the bid is 0.2. If the architect is awarded the bid, she will make $85,000 minus the $17,000 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.) 4

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