Sales versus Profit The monthly sales, X, of a company have a mean of P25,000 and a standard deviation of P4,000. Profits, Y, are calculated by multiplying sales by 0.3 and subtracting fixed costs of P6,000. What are the mean profit and the standard deviation of profit?

A First Course in Probability (10th Edition)
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ISBN:9780134753119
Author:Sheldon Ross
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Chapter1: Combinatorial Analysis
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Task 5
Try answering the following:
Sales versus Profit The monthly sales, X, of a company have a mean of P25,000 and a
standard deviation of P4,000. Profits, Y, are calculated by multiplying sales by 0.3 and
subtracting fixed costs of P6,000. What are the mean profit and the standard deviation of
profit?
Transcribed Image Text:Task 5 Try answering the following: Sales versus Profit The monthly sales, X, of a company have a mean of P25,000 and a standard deviation of P4,000. Profits, Y, are calculated by multiplying sales by 0.3 and subtracting fixed costs of P6,000. What are the mean profit and the standard deviation of profit?
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