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Stuck need help! The class I'm taking is computer science discrete structures.  Problem is attached. please view attachment before answering.  Really struggling with this concept. Thank you so much.

Stuck need help! The class I'm taking is computer science discrete structures.  Problem is attached. please view attachment before answering.  Really struggling with this concept. Thank you so much.

Database System Concepts
Database System Concepts
7th Edition
ISBN:9780078022159
Author:Abraham Silberschatz Professor, Henry F. Korth, S. Sudarshan
Publisher:Abraham Silberschatz Professor, Henry F. Korth, S. Sudarshan
Chapter1: Introduction
Section: Chapter Questions
Problem 1PE
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Stuck need help!

The class I'm taking is computer science discrete structures. 

Problem is attached. please view attachment before answering. 

Really struggling with this concept. Thank you so much.

A company believes it has a 40% chance of being successful on bidding a contract that yields a profit of $30,000. Assume it costs $5,000 in consultant fees to prepare the bid. What is the expected gain or loss for the company if it decides to bid on the contract?
Transcribed Image Text:A company believes it has a 40% chance of being successful on bidding a contract that yields a profit of $30,000. Assume it costs $5,000 in consultant fees to prepare the bid. What is the expected gain or loss for the company if it decides to bid on the contract?
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