A company estimates that it has a 50 chance of being

Last updated: 10/15/2023

A company estimates that it has a 50 chance of being successful in bidding on a 50 000 contract If it costs 6 300 in consultant fees to prepare the bid what is the expected gain or loss for the company if it decides to bid on this contract There is an expected Type an integer or a c for the company of gain loss