sophx
sophx
26.07.2019 • 
Business

Aconstruction company is planning to bid on a building contract. the bid costs the company $16001600. the probability that the bid is accepted is 2/5. if the bid is accepted, the company will make $21 comma 50021,500 minus the cost of the bid. a. what is the expected value in this situation?

Solved
Show answers

Ask an AI advisor a question