Solution-Find standard deviation of expected profits

Find standard deviation of expected profits

Assignment Help Mathematics

Reference no: EM13118077

Standard Deviation of Expected Profits
Suppose that next year the U.S. will be in one of the following economic conditions: Boom, Moderate Growth, Recession, or Depression. The probability that each economic condition will occur, and that a jewelry store will earn profits within that broader economic condition are listed below:

Economic Condition Probability Jewelry Store Profits
Boom 0.40 $400,000
Moderate Growth 0.30 $300,000
Recession 0.20 $100,000
Depression 0.10 -$500,000

The standard deviation of the jewelry store's profits next year (rounded to the nearest dollar) is:

a) $102,442
b) $125,483
c) $149,873
d) $125,264
e) $263,818

Reference no: EM13118077

Questions Cloud

Find probability of having a disease when testing positive : Probability of Having a Disease when Testing Positive. Suppose that 1% of all people have a particular disease. A test for the disease is 99% accurate. This means that a person who tests positive for the disease has a 99% chance of actually having..

Which of the following cannot undergo microevolution : Which of the following CANNOT undergo microevolution?

How many ml of thiesolution are required to titrate a sample : A solution was made by taking 1.250g of KMnO4 and dissolving it in enough water to make 1.000 liter of solution. This solution was used to titrate H2C2O4·2H2O, a very pure substance. In acidic media, the reaction is.

Explain how long does it take the boat to make a round trip : If the water in the river is flowing at 3.0 m/s, explain how long does it take the boat to make a round trip consisting of a 250 m displacement downstream followed by a 250 m displacement upstream?

Find standard deviation of expected profits : Standard Deviation of Expected Profits. Suppose that next year the U.S. will be in one of the following economic conditions: Boom, Moderate Growth, Recession, or Depression.

Identify one of evidence supporting darwins theory : Explain how your response in first question supports Darwin's theory of evolution by natural selection. i.e. how does this evidence show or allow for descent with modification ?

Illustrate what is the magnitude of the average force : The ball leaves the bat 2.0 ms later with a vertical velocity of magnitude 10 m/s. Illustrate what is the magnitude of the average force of the bat on the ball during the ball-bat contact?

Find probability distribution of sigma notation : Let X 1 , X 2 , ... , X n be a random sample from the distribution with probability density function f(x; Θ) = [Θ / 2sqrt(x)] * e^[-Θsqrt(x)], x > 0 , Θ > 0. What is the probability distribution of sigma notation from i = 1 to n (sqrt(Xi))?

Identify the average resistance force exerted on him : A 74 kg diver steps off a 14 m tower and drops from rest straight down into the water. If he comes to rest 4.4 m beneath the surface, identify the average resistance force exerted on him by the water.

User Account

All Pages

Find standard deviation of expected profits

Reference no: EM13118077

Reference no: EM13118077

Questions Cloud

Reviews

Write a Review

Mathematics Questions & Answers

Questions on ferris wheel

Logistic map

Finding the probability of cards

Systems of ode

Derive the boolean expression

System of equations

Linear programming problem

Find the natural domain

Introduction to numerical methods

Chart of the topological manifold

Mathematics in computing

Complex problems

Assured A++ Grade

Academics

Major Subjects

Majors

Get In Touch

TERMS & POLICIES

HELP & SUPPORT