In business it is important to plan and carry on research in order to anticipate what will occur at the end of the year. Research suggests that the profit (loss) spectrum is as follows with corresponding probabilities.(a) What is the expected profit?(b) Give the standard deviation of theprofit.

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Profit Probability -$15,000 0.05 0.15 0.15 S15,000 0.30 S25,000 $40,000 $50.000 S100.000 $150,000 $200,000 0.15 0.10 0.05 0.03 0.02