document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=210376>Question 210376</A>: <I><SPAN STYLE=\"word-break: break-all;\"> i can not figure this one out. can someone just tell me how to calculate.7 of 20,000. i get 14000 and that would only leave 6,000 which isnt an option. help please!!!\r<BR>\n" );
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document.write( "A contractor is considering a sale that promises a profit of $ 20,000 with a probability of .7 or a loss (due to bad weather, strikes, and such) of $ 3000 with a probability of .3. What is the expected profit? <BR>\n" );
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document.write( "A) <BR>\n" );
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document.write( "$ 16,100 <BR>\n" );
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document.write( "B) <BR>\n" );
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document.write( "$ 17,000 <BR>\n" );
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document.write( "C) <BR>\n" );
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document.write( "$ 13,100 <BR>\n" );
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document.write( "D) <BR>\n" );
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document.write( "$ 14,000  <BR>\n" );
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document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #158959 by </B><A HREF=/tutors/aboutme.mpl?userid=vleith><B>vleith(2983)</B></A><img src=\"/images/stars/stars-13.gif\" alt=\"\" >&nbsp;<A HREF=/tutors/aboutme.mpl?userid=vleith><IMG SRC=http://www.algebra.com/images/aboutme-small.gif BORDER=0 alt=\"About Me\" VALIGN=MIDDLE></A>&nbsp;<IMG SRC=http://www.algebra.com/images/nopicture.jpg><BR>You can <A HREF=\"/cgi-bin/embed-solution.mpl?show=1&solution=158959\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> I think the question here is what does the contractor expect when a large enough set of similar deals happens.<BR>\n" );
document.write( "You are told that contractor expects to make 20,000 70% of the time and lose 3000 30% of the time.<BR>\n" );
document.write( "So what can the contractor expect if he/she does a bunch of these deals?<BR>\n" );
document.write( "<IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=20000%2A0.7+-+3000%2A0.3 ALIGN=MIDDLE  ALT=\"20000%2A0.7+-+3000%2A0.3\"   DISABLED_style= \"max-width:90%; height:auto;\" ><BR>\n" );
document.write( "<IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=14000+-+900 ALIGN=MIDDLE  ALT=\"14000+-+900\"   DISABLED_style= \"max-width:90%; height:auto;\" ><BR>\n" );
document.write( "<IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=13100 ALIGN=MIDDLE  ALT=\"13100\"   DISABLED_style= \"max-width:90%; height:auto;\" > </SPAN>\n" );
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