A Company Bids on Two Contracts B) C) $$\begin{array} { l | c c c } \text { Profit } & \$ 0 & \$ 20,000 & \$ 50,000 \\\hline \text { P(Profit) } & 0.2 & 0.6 & 0.2\end{array}$$

Multiple Choice

A company bids on two contracts.It anticipates a profit of $50,000 if it gets the larger contract and a profit of $20,000 if it gets the smaller contract.It estimates that there's a 20% chance of winning the larger contract and a 60% chance of winning the smaller contract. Create a probability model for the company's profit.Assume that the contracts will be awarded independently.

A) $$\begin{array} { l | l c c c } \text { Profit } & \$ 0 & \$ 20,000 & \$ 50,000 & \$ 70,000 \\\hline \text { P(Profit) } & 0.32 & 0.48 & 0.08 & 0.12\end{array}$$
B) $$\begin{array} { l | l c c c } \text { Profit } & \$ 0 & \$ 20,000 & \$ 50,000 & \$ 70,000 \\\hline \text { P(Profit) } & 0.08 & 0.6 & 0.2 & 0.12\end{array}$$
C) $$\begin{array} { l | c c c } \text { Profit } & \$ 0 & \$ 20,000 & \$ 50,000 \\\hline \text { P(Profit) } & 0.2 & 0.6 & 0.2\end{array}$$
D) $$\begin{array} { l | l c c c } \text { Profit } & \$ 0 & \$ 20,000 & \$ 50,000 & \$ 70,000 \\\hline \text { P(Profit) } & 0.32 & 0.48 & 0.08 & 0.8\end{array}$$
E) $$\begin{array} { l | c c c } \text { Profit } & \$ 0 & \$ 20,000 & \$ 50,000 \\\hline \text { P(Profit) } & 0.32 & 0.48 & 0.08\end{array}$$