Question: A small software company will bid on a major contract. It anticipates a profit of $10,000 if it gets it, but thinks there is only

A small software company will bid on a major contract. It anticipates a profit of $10,000 if it gets it, but thinks there is only a 40% chance of that happening. a) What's the expected profit? b) Find the standard deviation for the profit. a) The expected profit is $ (Round to the nearest dollar as needed.)

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