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?
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)
10th Edition
ISBN:9780134753119
Author:Sheldon Ross
Publisher:Sheldon Ross
Chapter1: Combinatorial Analysis
Section: Chapter Questions
Problem 1.1P: a. How many different 7-place license plates are possible if the first 2 places are for letters and...
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