Job Bids A landscape contractor bids on jobs where he can make $2750 profit. The probabilities of getting 1, 2, 3, or 4 jobs per month are shown. Number of jobs X 1 2 3 4 Probability PX 0.1 0.2 0.3 0.4 Send data to Excel Find the contractor's expected profit per month. The contractor's expected profit per month is $ .
Job Bids A landscape contractor bids on jobs where he can make $2750 profit. The probabilities of getting 1, 2, 3, or 4 jobs per month are shown. Number of jobs X 1 2 3 4 Probability PX 0.1 0.2 0.3 0.4 Send data to Excel Find the contractor's expected profit per month. The contractor's expected profit per month is $ .
Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018
18th Edition
ISBN:9780079039897
Author:Carter
Publisher:Carter
Chapter4: Equations Of Linear Functions
Section4.5: Correlation And Causation
Problem 1CGP
Related questions
Question
Job Bids A landscape contractor bids on jobs where he can make
profit. The probabilities of getting
or
jobs per month are shown.
$2750
1, 2, 3,
4
Number of jobs
X
|
1
|
2
|
3
|
4
|
Probability
PX
|
0.1
|
0.2
|
0.3
|
0.4
|
Send data to Excel
Find the contractor's expected profit per month.
The contractor's expected profit per month is
$
|
|
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