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

Question 8

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The Cromwell Construction Company has the opportunity to enter into a contract to build a mountain road.The following table shows the probability distribution for the profit that could occur if it takes the contract: The Cromwell Construction Company has the opportunity to enter into a contract to build a mountain road.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 $60,000. Based on this information,the expected profit for the company if it takes the contract is $60,000.

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