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Get Full Access to Basic Statistics For Business And Economics - 7 Edition - Chapter 6 - Problem 35e
Get Full Access to Basic Statistics For Business And Economics - 7 Edition - Chapter 6 - Problem 35e

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# Croissant Bakery, Inc., offers special decorated cakes for

ISBN: 9780077384470 64

## Solution for problem 35E Chapter 6

Basic Statistics for Business and Economics | 7th Edition

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Problem 35E

Problem 35E

Croissant Bakery, Inc., offers special decorated cakes for birthdays, weddings, and other occasions. It also has regular cakes available in its bakery. The following table gives the total number of cakes sold per day and the corresponding probability. Compute the mean, variance, and standard deviation of the number of cakes sold per day.

 Number of Cakes Sold in a Day Probability 12 .25 13 .40 14 .25 15 .10

Step-by-Step Solution:

Solution:

Step 1 of 2:

The given data is

 Number of Cakes Sold in a Day Probability 12 0.25 13 0.4 14 0.25 15 0.1

In this problem we have to find the mean, variance and standard deviation of the number of of cakes sold per day.

Step 2 of 2

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