Find the contractor's expected profit per month.

College Algebra
10th Edition
ISBN:9781337282291
Author:Ron Larson
Publisher:Ron Larson
Chapter8: Sequences, Series,and Probability
Section: Chapter Questions
Problem 16PS
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Job Bids A landscape contractor bids on jobs where he can make $3500 profit. The probabilities of getting 1, 2, 3, or 4 jobs per month are shown.
Number of jobs X
1
4
Probability P (X) 0.1
0.3
0.4
0.2
Send data to Excel
Find the contractor's expected profit per month.
The contractor's expected profit per month is $
Transcribed Image Text:Job Bids A landscape contractor bids on jobs where he can make $3500 profit. The probabilities of getting 1, 2, 3, or 4 jobs per month are shown. Number of jobs X 1 4 Probability P (X) 0.1 0.3 0.4 0.2 Send data to Excel Find the contractor's expected profit per month. The contractor's expected profit per month is $
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