document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=1113001>Question 1113001</A>: <I><SPAN STYLE=\"word-break: break-all;\"> A company estimates that it has a 55&#8203;% chance of being successful in bidding on a &#8203;$64,000 contract. If it costs &#8203;$4,400 in consultant fees to prepare the&#8203; bid, what is the expected gain or loss for the company if it decides to bid on this&#8203; contract?<BR>\n" );
document.write( " </SPAN>\n" );
document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #728038 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=728038\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\">  A company estimates that it has a 55&#8203;% chance of being successful in bidding on a &#8203;$64,000 contract. If it costs &#8203;$4,400 in consultant fees to prepare the&#8203; bid, what is the expected gain or loss for the company if it decides to bid on this&#8203; contract?<BR>\n" );
document.write( "========<BR>\n" );
document.write( "random \"gain\" for the company:: 59600....-4400 <BR>\n" );
document.write( "corresponding probabilities::::  0.55..... 0.45<BR>\n" );
document.write( "-------<BR>\n" );
document.write( "Expected \"gain\" for the com::  0.55*59600-0.45*4400 = $30,800<BR>\n" );
document.write( "-----------<BR>\n" );
document.write( "Cheers,<BR>\n" );
document.write( "Stan H.<BR>\n" );
document.write( "----------- </SPAN>\n" );
document.write( "</TD></TR></TABLE>\n" );