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phucnguyen1967
phucnguyen1967
14.01.2021 • 
Mathematics

A construction company is considering submitting bids for two contracts. It will cost the company $10,000 to prepare and submit the bids, and if won, each bid would produce $50,000 of income to the company. The company estimates that it has a 10% chance of winning any given bid. Here is the probability distribution of X= the number of bids the company wins, and M = the amount of money the company profits from the bids.

Find the mean of X


A construction company is considering submitting bids for two contracts. It will cost the company $

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