A company believes it has a 40% chance of being successful on bidding a contract that yields a profit of $30,000. Assume it costs $5,000 in consultant fees to prepare the bid. What is the expected...

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The class I'm taking is computer science discrete structures.

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Really struggling with this concept. Thank you so much.

Extracted text: A company believes it has a 40% chance of being successful on bidding a contract that yields a profit of $30,000. Assume it costs $5,000 in consultant fees to prepare the bid. What is the expected gain or loss for the company if it decides to bid on the contract?