Your question is Expected Value for Credit Offer. Take a moment with it on the right.
Talk me through your thinking if you like. When you're confident, submit your answer and I'll grade it like a real screen (7/10 or better passes).
You are comparing two outreach options for a credit card preapproval campaign. One option has a higher upside but also a higher chance of loss from acquisition cost and early delinquency. You are asked to evaluate the decision using expected value.
How would you calculate expected value in a decision-making problem?