In business, it is important to plan and carry out

Chapter 5, Problem 4.95

(choose chapter or problem)

In business, it is important to plan and carry out research in order to anticipate what will occur at the end of the year. Research suggests that the profit (loss) spectrum for a certain company, with corresponding probabilities, is as follows:

(a) What is the expected profit?

(b) Give the standard deviation of the profit.

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