Gear Garage Inc. enters into a contract to provide services totaling $ 80,000. The contract includes a potential performance bonus based on when Gear Garage completes the services. Gear Garage estimates the following scenarios for completion. Determine the expected value of the bonus under each scenario.

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Probability Complete within 3 days 5days 8days Bons Scenario 1 Scenario 2 Scenario 3 $10,000 65% $ 6,000 $2,000 50% 40% 10% 096 90% 10% 10% 25%