Question 1113001
 A company estimates that it has a 55​% chance of being successful in bidding on a ​$64,000 contract. If it costs ​$4,400 in consultant fees to prepare the​ bid, what is the expected gain or loss for the company if it decides to bid on this​ contract?
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random "gain" for the company:: 59600....-4400 
corresponding probabilities::::  0.55..... 0.45
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Expected "gain" for the com::  0.55*59600-0.45*4400 = $30,800
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Cheers,
Stan H.
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