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Mathematics, 18.03.2021 02:10 kaylatunell123

An architect is considering bidding for the design of a new museum. The cost of drawing plans and submitting a model is ​$18,000.

The probability of being awarded the bid is

0.2.

If the architect is awarded the​ bid, she will make

​$90,000

minus the

​$18,000

cost for plans and a model. Complete parts a. through b. below.

a.  What is the expected value in this​ situation?

(Round to the nearest dollar)

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Answers: 1

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