A constructor has to choose between two jobs. The first job promises a profit of rupees 2,40000 with probability of 0.75 or a loss of Rs. 60000 with the probability of 0.25 whereas the second job promises a profit of Rs. 3, 60000 with the probability of 0.50 or a loss of Rs.90,000 with a probability of 0.5.Which job should the contractor choose if he wants to maximise his expected profit.
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