A commercial building contractor will commit her company to one of three projects depending on her analysis of potential profits or losses as shown here. Project A Project B Project C Profit or Loss Probability Profit or Loss Probability Profit or Loss Probability X P(x) $40,000 0.14 150,000 0.60 240,000 0.26 x 50 220,000 280,000 P(x) 0.28 0.31 0.41 x $50,000 350,000 Determine which project the contractor should choose according to expected values Choose the correct answer below Project A Project C Project B P(x) 0.73 0.27