An architect is considering bidding for the design of a new shopping mall. The cost of drawing plans and submitting a model is $10,000. The probability of being awarded the bid is 0.13, and the anticipated profits are $100,000. What is the expected value in this situation?
is it 3000?
I did 100,000-10,000=90,000
-10,000(0.87)+90,000(0.13)=3,000?

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11,700 is an option too.
A
$11,700
B
$12,000
C
$13,000
D
$3,000

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