Question 1199127
.
An architect is considering bidding for the design of a gnu museum. The cost of drawling plans and submitting a model is $12,000. 
The probability of being awarded the bed is .2. If the architect is awarded the &nbsp;{{{highlight(cross(bed))}}} &nbsp;<U>bid</U>, 
she &nbsp;{{{highlight(will)}}} &nbsp;make $60,000 minus the $12,000 cost for plans and a model. What is the expected value in the situation
~~~~~~~~~~~~~~~~~~~~



The expected value is &nbsp;&nbsp;0.2*60,000 - 12,000 = 0 &nbsp;(zero dollars and zero cents).    &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>ANSWER</U>



Solved.