Solve the Problem $\$ 25,000$ With a Probability of $\$ 17,000$ With a Probability of

Multiple Choice

Solve the problem.
-A contractor is considering a sale that promises a profit of $\$ 25,000$ with a probability of .7 or a loss (due to bad weather, strikes, and such) of $\$ 17,000$ with a probability of .3 . What is the expected profit?

A) $\$ 17,500$
B) $\$ 29,400$
C) $\$ 8000$
D) $\$ 12,400$