Beyond Beauty Corporation is planning to market a new makeupproduct. It will earn an annual profit of $3.8 million if thisproduct has high sales and an annual profit of $1.5 million if thesales are medium, and it will lose $2.5 million a year if the sales

匿名用户 最后更新于 2021-12-01 19:18 数学类Mathematics

  1. Beyond Beauty Corporation is planning to market a new makeupproduct. It will earn an annual profit of $3.8 million if thisproduct has high sales and an annual profit of $1.5 million if thesales are medium, and it will lose $2.5 million a year if the salesare low. The probabilities of these three scenarios are 0.35, 0.40and 0.25 respectively. Determine the mean and standard deviation ofthe annual profit.

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