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Your business is looking into three contracting firms. Based on previous research, there is a
75% chance that company 1 will earn you $40,000. There is a 45% chance that company 2
will earn you $60,000. Company 3 has a 30%chance of earning you $80,000. It costs $20,000 to draw up legal paperwork for each company. How much profit or loss would you expect
after this deal is done if you sign with all 3 companies?
$21,000 profit
$21,000 loss
$81,000 profit
$81,000 loss
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