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A construction company plans to invest in a housing project. There is a 30% chance that the company will lose $155,828 a 30% chance it will lose $148,548, and a 40% chance of a $394,464 profit.    Based ONLY on this information, how much can the company expect to gain or lose. Round to the nearest hundredth, gains should be positive and losses negative.

A construction company plans to invest in a housing project. There is a 30% chance that the company will lose $155,828 a 30% chance it will lose $148,548, and a 40% chance of a $394,464 profit.    Based ONLY on this information, how much can the company expect to gain or lose. Round to the nearest hundredth, gains should be positive and losses negative.

Advanced Engineering Mathematics
Advanced Engineering Mathematics
10th Edition
ISBN:9780470458365
Author:Erwin Kreyszig
Publisher:Erwin Kreyszig
Chapter2: Second-order Linear Odes
Section: Chapter Questions
Problem 1RQ
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A construction company plans to invest in a housing project. There is a 30% chance that the company will lose $155,828 a 30% chance it will lose $148,548, and a 40% chance of a $394,464 profit. 

 

Based ONLY on this information, how much can the company expect to gain or lose. Round to the nearest hundredth, gains should be positive and losses negative.

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