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.
Algebra: Structure And Method, Book 1
(REV)00th Edition
ISBN:9780395977224
Author:Richard G. Brown, Mary P. Dolciani, Robert H. Sorgenfrey, William L. Cole
Publisher:Richard G. Brown, Mary P. Dolciani, Robert H. Sorgenfrey, William L. Cole
Chapter2: Working With Real Numbers
Section2.3: Rules For Addition
Problem 8P
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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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