A pet store sells fancy handcrafted nametags togo on dogs’ and cats’ collars. The store’s profit is$6 for each dog nametag and $5 for each catnametag sold. Each week the store sells an averageof 12 dog tags with a standard deviation of 4 tags,and an average of 15 cat tags with a standarddeviation of 3. The store’s expected weekly profiton these products is $147. Assuming sales areindependent, what’s the standard deviation of thisweekly profit?A) $11.87 B) $14.80 C) $28.30D) $39 E) $55
A pet store sells fancy handcrafted nametags togo on dogs’ and cats’ collars. The store’s profit is$6 for each dog nametag and $5 for each catnametag sold. Each week the store sells an averageof 12 dog tags with a standard deviation of 4 tags,and an average of 15 cat tags with a standarddeviation of 3. The store’s expected weekly profiton these products is $147. Assuming sales areindependent, what’s the standard deviation of thisweekly profit?A) $11.87 B) $14.80 C) $28.30D) $39 E) $55
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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A pet store sells fancy handcrafted nametags to
go on dogs’ and cats’ collars. The store’s profit is
$6 for each dog nametag and $5 for each cat
nametag sold. Each week the store sells an average
of 12 dog tags with a standard deviation of 4 tags,
and an average of 15 cat tags with a standard
deviation of 3. The store’s expected weekly profit
on these products is $147. Assuming sales are
independent, what’s the standard deviation of this
weekly profit?
A) $11.87 B) $14.80 C) $28.30
D) $39 E) $55
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