document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=60215>Question 60215</A>: <I><SPAN STYLE=\"word-break: break-all;\"> The Newman Constuction Comapany bids on a job to constuct a building>. If the bid is won, there is a 0.7 proability of making a $175,000 profit and there is a probability of 0.3 that the contractor will break even.  what is the expected value?  Use standard (u.s.) monetary format, with no blank between the $ sign and the value. </SPAN>\n" );
document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #44247 by </B><A HREF=/tutors/aboutme.mpl?userid=stanbon><B>stanbon(75887)</B></A><img src=\"/images/stars/stars-13.gif\" alt=\"\" >&nbsp;<A HREF=/tutors/aboutme.mpl?userid=stanbon><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=44247\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> The Newman Constuction Comapany bids on a job to constuct a building>. <BR>\n" );
document.write( "If the bid is won, there is a 0.7 proability of making a $175,000 profit <BR>\n" );
document.write( "and there is a probability of 0.3 that the contractor will break even. <BR>\n" );
document.write( "what is the expected value? <BR>\n" );
document.write( "Use standard (u.s.) monetary format, with no blank between the $ sign and the value.<BR>\n" );
document.write( "--------------------<BR>\n" );
document.write( "Note: \"break even\" means no loss and no gain.<BR>\n" );
document.write( "but no \"amount\" of loss is stated. Hmmmm????<BR>\n" );
document.write( "Expected Value = 0.7(175,000)+(0.3)(0)=$122,500<BR>\n" );
document.write( "Cheers,<BR>\n" );
document.write( "Stan H. </SPAN>\n" );
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