Chat with us, powered by LiveChat You have chosen biology as your college major because you would like to ?be a medical doctor. However, you find that the probability of being ?accepted into medical school is about 1 - EssayAbode

You have chosen biology as your college major because you would like to ?be a medical doctor. However, you find that the probability of being ?accepted into medical school is about 1

 You have chosen biology as your college major because you would like to  be a medical doctor. However, you find that the probability of being  accepted into medical school is about 10 percent. If you are accepted  into medical school, then your starting salary when you graduate will be  $300,000 per year. However, if you are not accepted, then you would  choose to work in a zoo, where you will earn $40,000 per year. Without  considering the additional educational years or the time value of money,  what is your expected starting salary as well as the standard deviation  of that starting salary?

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