Joanna is considering three possible jobs. The following table shows the possible incomes she might get in each job.For each job, calculate the expected value, the variance, and the standard deviation. If Joanna is averse to risk (asmeasured by variance), what can you predict about her job choice? What if she is risk neutral?Outcome AProbability50%50%1Job 1Job 2Job 3atun (5%) of Inb.1 isEarnings$25$15$30Outcome BProbability50%50%Earnings$35$45 and the expected value of Job 3 isNext, the variance of Job 1 isthe variance of Job 2 isEV=$30. (Enter your response rounded to two decimal places.)and the variance of Job 3 isThe standard deviation (SD) of Job 1 isthe standard deviation of Job 2 isEV = $ 30,and the standard deviation of Job 3 isVariance = 25,Variance = 225,Variance = 0.SD =kSD=SD =

The probability distribution of earnings for three jobs for outcomes A and B are given below: For…

Answered: Next, the variance of Job 1 is the…

MATLAB: An Introduction with Applications

6th Edition

ISBN:9781119256830

Author:Amos Gilat

Publisher:Amos Gilat

Chapter1: Starting With Matlab

Section: Chapter Questions

Problem 1P

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Next, the variance of Job 1 is the variance of Job 2 is and the variance of Job 3 is The standard deviation (SD) of Job 1 is the standard deviation of Job 2 is Variance = 25. Variance = 225, Variance = 0. SD =