The budgeting process for a midwestern college resulted in expense forecasts for the coming year (in millions) of 9, 10,11,12 and 13. Because the actual expenses are unknown, the following respective probabilities are assigned: 0.25,0.19 ,0.22,0.13 and 0.21 c. What is the variance of the expense forecast for the coming year? d. If income projections for the year are estimated at 12 million, how much profit does the college expect to make
The budgeting process for a midwestern college resulted in expense forecasts for the coming year (in millions) of 9, 10,11,12 and 13. Because the actual expenses are unknown, the following respective probabilities are assigned: 0.25,0.19 ,0.22,0.13 and 0.21 c. What is the variance of the expense forecast for the coming year? d. If income projections for the year are estimated at 12 million, how much profit does the college expect to make
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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The budgeting process for a midwestern college resulted in expense forecasts for the coming year (in millions) of 9, 10,11,12 and 13. Because the actual expenses are unknown, the following respective
c. What is the variance of the expense forecast for the coming year?
d. If income projections for the year are estimated at 12 million, how much profit does the college expect to make?
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