Question: A small software company will bid on a major contract. It anticipates a profit of $45,000 if it gets it, but thinks there is only

A small software company will bid on a major contract. It anticipates a profit of $45,000 if it gets it, but thinks there is only a 20% chance of that happening. a) What's the expected profit? b) Find the standard deviation for the profit. a) The expected prot is 55D. (Round to the nearest dollar as needed.) b) The standard deviation is $:|. (Round to the nearest dollar as needed.)

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