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The Argon Construction Company Has the Opportunity to Enter into a Contract

Question 127

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The Argon Construction Company has the opportunity to enter into a contract to remodel a building. The following table shows the probability distribution for the profit that could occur if it takes the contract: The Argon Construction Company has the opportunity to enter into a contract to remodel a building. The following table shows the probability distribution for the profit that could occur if it takes the contract: Based on this information, the expected profit for the company if it takes the contract is $67,000. Based on this information, the expected profit for the company if it takes the contract is $67,000.

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