Question: A contractor is considering whether he should take on a project that promises a profit of $8700 with a probablty of 0.45 or a

A contractor is considering whether he should take on a project that

A contractor is considering whether he should take on a project that promises a profit of $8700 with a probablty of 0.45 or a loss (due to bad weather, strikes, etc.) of $1100 with a probability of 0.55. What is the expected profit for the contractor? Round your answer to the nearest dollar, if necessary. Do NOT type any symbols (such as "$") in the answer box. Expected profit: $

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