Find the mean and standard deviation

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Reference no: EM13216466

A consultant is beginning work on three projects. The expected profits from these projects are $ 37. thousand, $ 68. thousand, and $ 28. thousand.

The associated standard deviations are $ 8. thousand, $ 10. thousand, and $ 2. thousand. Assuming independence of outcomes, find the mean and standard deviation (in thousands of $) of the consultant's total profit from these three projects.

Round off your answer to two decimal places.

Reference no: EM13216466

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