A First Course in Probability (10th Edition)
A First Course in Probability (10th Edition)
10th Edition
ISBN: 9780134753119
Author: Sheldon Ross
Publisher: PEARSON
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A contractor is considering a sale that promises a profit of ₱92 000 with a probability of 0.7, or a loss (due to bad weather, strikes, and other factors) of ₱52 000 with a probability of 0.3. What is the variance of the profit?

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