document.write( "Question 210376: 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
\n" ); document.write( "\n" ); 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?
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\n" ); document.write( "A)
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\n" ); document.write( "$ 16,100
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\n" ); document.write( "B)
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\n" ); document.write( "$ 17,000
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\n" ); document.write( "C)
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\n" ); document.write( "$ 13,100
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\n" ); document.write( "D)
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\n" ); document.write( "$ 14,000
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Algebra.Com's Answer #158964 by tutor_paul(519)\"\" \"About 
You can put this solution on YOUR website!
For a given year, calculate the expected profit as follows:
\n" ); document.write( "\"P=%280.7%2A20000%29-%280.3%2A3000%29\"
\n" ); document.write( "\"P=14000-900\"
\n" ); document.write( "\"highlight%28P=13100%29\"
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\n" ); document.write( "Good Luck,
\n" ); document.write( "tutor_paul@yahoo.com
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