(See Solution) Job Bids. A landscape contractor bids on jobs where he can make $3000 profit. The probabilities of getting 1, 2, 3, or 4 jobs per month are shown:
Question: Job Bids. A landscape contractor bids on jobs where he can make $3000 profit. The probabilities of getting 1, 2, 3, or 4 jobs per month are shown:
Number of jobs 1 2 3 4
Probability 0.2 0.3 0.4 0.1
Find the contractor’s expected profit per month.
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