An online retailer operates two independent warehouses (A & B) where it keeps its inventory. Each warehouse has a .05 probability of experiencing a fire. If a fire is experienced in a given warehouse, $1,000 in inventory will be lost. What is the pooled standard deviation of the warehouses per warehouse
An online retailer operates two independent warehouses (A & B) where it keeps its inventory. Each warehouse has a .05 probability of experiencing a fire. If a fire is experienced in a given warehouse, $1,000 in inventory will be lost. What is the pooled standard deviation of the warehouses per warehouse
Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018
18th Edition
ISBN:9780079039897
Author:Carter
Publisher:Carter
Chapter10: Statistics
Section10.4: Distributions Of Data
Problem 19PFA
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An online retailer operates two independent warehouses (A & B) where it keeps its inventory. Each warehouse has a .05 probability of experiencing a fire. If a fire is experienced in a given warehouse, $1,000 in inventory will be lost.
What is the pooled standard deviation of the warehouses per warehouse (round to the nearest whole number)?
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