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A construction company has been hired to build a custom home. The builder...

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Accounting

A construction company has been hired to build a custom home. The builder estimates the probabilities of potential profit (or loss) as shown in the table below.
\table[[Profit/Loss,Probability],[$100,000,0.20],[$60,000,0.20],[$30,000,0.30],[0,0.20],[-$20,000,0.08],[-$40,000,0.02]]
What is the profit expectation for the company?
$34,600
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