Calculate variance-standard deviation for both distributions

Assignment Help Business Economics

Reference no: EM13985008

Consider the following two probability distributions: Sales (thousands of units) Distribution 1 probability (%) Distribution 2 probability (%) 50 10 10 60 20 15 70 40 20 80 20 30 90 10 25 a. Graph the two distributions shown in the table. What are the expected sales for the two probability distributions? b. Calculate the variance and standard deviation for both distributions. Which distribution is more risky?

Reference no: EM13985008

Questions Cloud

Write an article on antibiotics and anti-bacterial drugs : Write an article on Antibiotics and Anti-Bacterial Drugs including below mentioned points. Manufacturing of antibiotics, Mode of action of antibiotics, Groups / examples of antibiotics

Bar magnet- around a current-carrying wire : A neutral copper rod, a charged insulator rod, and a bar magnet ac arranged around a current-carrying wire as shown. For each, will it stay where it is? Move toward or away from the wire? Rotate clockwise or counterclockwise?

Find the maximum radial acceleration of any part of the bit : For a 11.5-mm -diameter drill bit turning at a constant 1250rev/min , find the maximum linear speed of any part of the bit. Find the maximum radial acceleration of any part of the bit.

Summing the rounding errors : Use a software package to draw a histogram of these 500 values of the sum; remember that you are summing the rounding errors. Do you see a normal-looking distribution?

Calculate variance-standard deviation for both distributions : Consider the following two probability distributions: Sales (thousands of units) Distribution 1 probability (%) Distribution 2 probability (%) 50 10 10 60 20 15 70 40 20 80 20 30 90 10 25 a. Graph the two distributions shown in the table. What are th..

Depreciation on a computer costing : The third year of depreciation on business furniture costing 10,000 purchased in March 2010, using half-year convention and accelerated depreciation

Random walk-test your intuition : Suppose a fair coin is tossed 100 times. Is it more likely that you will get exactly 50 heads or that you will get more than 60 heads?

How can we call the occupied frame of reference : How can we call the occupied frame of reference as being inertial regardless of whether other frames of reference are accelerating with respect to the occupied frame of reference?

How would the work in case of a burning log in the fireplace : How would this work in case of a burning log in the fireplace? Is it vibrating and thus heating up the molecules in the room? Or is it releasing highly energetic photons that do the required bombarding?

User Account

All Pages