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Business, 16.07.2021 02:00 janellball16

Two construction contracts are to be randomly assigned to one or more of three firms: I, II, and III. Any firm may receive both contracts. If each contract will yield a profit of $12,000 for the firm, find the expected profit for firm I. $ If firms I and II are actually owned by the same individual, what is the owner's expected total profit

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Two construction contracts are to be randomly assigned to one or more of three firms: I, II, and III...
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