A building contractor receives a new contract to consider. From past experience, he estimates that...
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A building contractor receives a new contract to consider. From past experience, he estimates that there is a 40% chance of making a $400,000 profit, a 40% chance of losing $300,000 and a 20% chance of losing $250,000. What Is the contractor's expected profit or loss from this contract?$1000$200,000-$100,000-$10,000
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