Find the Expected Value $\$ 48,666$ Project B $\$ 49,666$ Contractor Should Choose Project a

B) Project A

Multiple Choice

Find the expected value.
-A commercial building contractor is trying to decide which of two projects to commit her company to.
Project A will yield a profit of $50,000 with a probability of 0.6, a profit of $86,000 with a Probability of 0.3, and a profit of $10,000 with a probability of 0.1.
Project B will yield a profit of $100,000 with a probability of 0.1, a profit of $69,000 with a Probability of 0.7, and a loss of $20,000 with a probability of 0.2.
Find the expected profit for each project. Based on expected values, which project should the Contractor choose?

A) Project A: $\$ 48,666$
Project B: $\$ 49,666$
Contractor should choose project A

B) Project A: $\$ 47,800$
Project B: $\$ 54,300$
Contractor should choose project B

C) Project A: $\$ 56,800$
Project B: $\$ 62,300$
Contractor should choose project B

D) Project A:\$56,800
Project B: $\$ 54,300$
Contractor should choose project A