Explain work?
a construction company plans to invest in a building project. there is a 25% chance that the company will lose $40,000, a 35% chance of a break even, and a 40% chance of a $30,000 profit. based on this, what should the company do?
a) the expected value is $2,000, so the company should proceed with the project.
b) the expected value is $22,000, so the company should proceed with the project.
c) the expected value is - $2,000, so the company should not proceed with the project.
d) the expected value is $-22,000, so the company should not proceed with the project.