Multiple Choice
Solve the problem.
-A company estimates that it has a 30% chance of being successful in bidding on a $40,000 contract. If it costs $6000 in consultant fees to prepare the bid, what is the expected gain or loss for the Company if it decides to bid on this contract?
A) $6000.00
B) $17,017.92
C) $17,380.58
D) $17,200.43
Correct Answer:
Verified
Correct Answer:
Verified
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