Question: I'm unsure on how to approach the problem. Is there a method that is commonly used? A builder is biding on a construction job which

I'm unsure on how to approach the problem. Is there a method that is commonly used?

A builder is biding on a construction job which can have a profit of $36000 with a probability of 0.8, o $12,000 with a probability of 0.2. What is the builder's expected value and standard deviation of his profit if he gets the job? Expected Value [ Choose ] V Standard deviation [ Choose ] V

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