Solve the Problem. -A Contractor Is Considering a Sale That Promises a Profit

question 145

Multiple Choice

Solve the problem.
-A contractor is considering a sale that promises a profit of $23,000 with a probability of 0.7 or a loss (due to bad weather, strikes, and such) of $13,000 with a probability of 0.3. What is the expected profit?

• A)$12,200
• B)$25,200
• C)$16,100
• D)$10,000

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Definitions:

Cholesterol Levels

Measures of the total amount of cholesterol in the blood, including both high-density lipoprotein (HDL) and low-density lipoprotein (LDL) cholesterol.

Saturated Fats

Fats containing a high proportion of fatty acid molecules without double bonds, considered less healthy in diets.

Calcium

A mineral essential for human life, involved in bone formation, muscle contraction, nerve function, and blood clotting.

Healthy Bones

Bones that are strong, dense, and capable of supporting the body and withstanding physical stress.