Mathematics, 19.01.2021 18:20 kataldaine
A construction company is considering Submitting bids for two contracts it will cost the company 10,000 dollars to prepare and submit the bids and if won each bid would provide 50,000 of income to the company . The company estimates that it has a 10% chance of wining any given bid . Here is the probability distribution of X=# of bids won M= profit find the standard deviation of M
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A construction company is considering Submitting bids for two contracts it will cost the company 10,...
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