Question 60215
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.
--------------------
Note: "break even" means no loss and no gain.
but no "amount" of loss is stated. Hmmmm????
Expected Value = 0.7(175,000)+(0.3)(0)=$122,500
Cheers,
Stan H.