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Business, 03.03.2020 00:26 EllaLovesAnime

A contractor bidding a small commercial job summarized his chances of making a profit as follows: there is a 45 % chance of getting $16000, a 19 % chance of getting $16000, and a 49 % chance of getting $16000. Also, there is a 45 % chance that he may have lose $31000 on the project. Calculate the expected profit.

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