Squelch minus itSquelchit

Pest Control, Incorporated was recently hired to exterminate an office complex for $ 320 comma 000$320,000.

Squelch minus itSquelchit

will receive an additional $ 5 comma 000$5,000

based on the success of the extermination. The additional $ 5 comma 000$5,000

will be paid in full if the extermination is fully successful after one month. That amount will be decreased to $ 4 comma 000$4,000

if the extermination is successful after two months and $ 2 comma 000$2,000

if successful after three months. Based on past experience with similar contracts,Squelch minus itSquelchit

estimates that there is a 3535%

probability that the process will be successful with the one-month period, a 6464%

probability that it will take two months to be successful, and a(n)11%

probability that the process will be effective after three months