Upon completing their studies at TAMIU, a student was presented with three job offers. According
to the data at hand, the potential incomes the student could earn in each job are outlined below:
Outcome A Outcome B
Probability Earnings (in Probability Earnings (in
$1,000) $1,000)
Job I 0.6 25 0.4 40
Job II 0.4 20 0.6 50
Job III 0.2 35 0.8 60
(i) Summarize the expected value, variance, and standard deviation of each job in a table.