A construction company is planning to bid on a building contract. the bid costs the company $1900. the probability that the bid is accepted is 1/10. if the bid is accepted, the company will make $94000 minus the cost of the bid.
a. what is the expected value in this situation?
Answers (1)
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “A construction company is planning to bid on a building contract. the bid costs the company $1900. the probability that the bid is accepted ...” in 📗 Mathematics if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers
You Might be Interested in
What is the equivalent to 3.5 hours
Answers (1)
The product of 2 consecutive odd integers is equal to 27 plus six times the sum of the integers. what is the larger integer
Answers (1)
How much heat is required to raise the temperature of 0.765 kg of mercury by 42 °C?
Answers (1)
from a rope that is 11.5 meters long, two pieces are cut from it that are 1 3/5 and 3 3/10 meters long. what is the length of the remaining rope
Answers (1)
Ashley wants to divide her 63 shirts into two groups, so that the ratio of the number of shirts in the first group to the number of shirts in the second group is 3 to 4. How many shirts will be in each group?
Answers (1)
New Questions in Mathematics
The sum of three numbers is 6. the third number is the sum of the first and second numbers. the first number is one more than the third number. Find the numbers
Answers (2)
What is the final amount if 975 is increased by 1% followed by a further 9% increase? Give your answer rounded to 2 DP.
Answers (1)
82 = 2 (1-8p) step by step
Answers (1)
Find the simple interest of $2300 invested at 7.5%for 10years
Answers (1)
Kelly shows all the ways to make 49 as tens and ones. What ways does she show
Answers (1)