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A consultant is beginning work on three projects. The expected profits from these projects are $ 43 thousand, $ 60 thousand, and $ 21 thousand respectively. The associated standard deviations are $ 13 thousand, $ 20 thousand, and $ 5 thousand respectively. Answer the following, rounding your answers to two decimal places.
(a) Assuming independence of outcomes, find the mean (in thousands of $) of the consultant's total profits from these three projects.
(b) Assuming independence of outcomes, find the standard deviation (in thousands of $) of the consultant's total profits from these three projects.
Briefly describe one way the U.S. financial markets impact the economy, one way the U.S. financial markets impact businesses, and one (1) way the U.S. financial markets impact individuals.
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