SOLUTION: A landscape contractor bids on jobs where he can make $3000 profit. The probability of getting 1, 2, 3, 4, jobs are 0.2, 0.3, 0.4, 0.1 respectfully. Find the contractor's expected
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Question 316335: A landscape contractor bids on jobs where he can make $3000 profit. The probability of getting 1, 2, 3, 4, jobs are 0.2, 0.3, 0.4, 0.1 respectfully. Find the contractor's expected profit per month
Answer by Fombitz(32388) (Show Source): You can put this solution on YOUR website!
Profit=$3000*EV=
$7200.00 per month
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