Determine the expected profit
A small software company will bid on the major contract. It anticipates profit of $50,000 if it gets it, but thinks there is only 30% chance of that happening.
a) Determine the expected profit?
b) Determine the standard deviation for the profit
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The pilot flew the jet from montreal to Los Angeles, distance of 2500 mi. On return trip average speed was 20% faster than outbound speed. Round trip took 9h 10 minutes. Find speed from Montreal to Los Angeles.
A company selling glass ornaments by mail order expects, from previous history, that 6% of ornaments will break in shipping. You buy two ornaments as gifts and have them shipped seperately to two different addresses. Determine the probability they
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A small software company will bid on the major contract. It anticipates profit of $50,000 if it gets it, but thinks there is only 30% chance of that happening. Determine the expected profit?
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