In business, it is important to plan and carry out research in order to anticipate what will occur at the end of the year. The proﬁt (loss) spectrum for a certain company, with corresponding probabilities is shown in Table 2: Table 2. Profit/Loss with its probabilities Profit (in PKR) Probability -25000 0.1 0 0.25 25000 0.05 35000 0.03 45000 0.01 55000 0.02 105000 0.35 175000 0.09 250000 0.1 Compute the mean and standard deviation of the profit.

In business, it is important to plan and carry out research in order to anticipate what will occur at the end of the year. The proﬁt (loss) spectrum for a certain company, with corresponding probabilities is shown in Table 2: Table 2. Profit/Loss with its probabilities Profit (in PKR) Probability -25000 0.1 0 0.25 25000 0.05 35000 0.03 45000 0.01 55000 0.02 105000 0.35 175000 0.09 250000 0.1 Compute the mean and standard deviation of the profit.

Holt Mcdougal Larson Pre-algebra: Student Edition 2012

1st Edition

ISBN:9780547587776

Author:HOLT MCDOUGAL

Publisher:HOLT MCDOUGAL

Chapter11: Data Analysis And Probability

Section11.8: Probabilities Of Disjoint And Overlapping Events

Problem 2C

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Profit (in PKR)	Probability
-25000	0.1
0	0.25
25000	0.05
35000	0.03
45000	0.01
55000	0.02
105000	0.35
175000	0.09
250000	0.1