What is the variance of daily profit

Assignment Help Mathematics

Reference no: EM131118187

Sales per day for a product are as follows: x= 10, 11, 12, 13

(p)= 0.2, 0.4, 0.3, 0.1

obtain mean and variance of daily sale.

if the profit is described by the following equation profit = -15 + 4.5X

what is expected daily profit? what is the variance of daily profit?

Reference no: EM131118187

Questions Cloud

What number of shares should she sell : Rebecca owns $10,000 worth of stock in the company. If the firm has a 100% payout, what is her cash flow? What would her cash flow be under the new capital structure assuming that she keeps all of her shares? Suppose the company does convert to the n..

What did you learn from this self-assessment : Nurses perform assessments on a daily basis. It is part of our fabric. What is the value of performing an assessment on our own knowledge levels? What did you learn from this self-assessment? Did any particular essential inspire you to continue l..

What is bakers inventory turnover : What is Bakers inventory turnover? How does Bakers performance compare to the industry leaders?

Better choice when it came to strategy : Their store are getting older and looking dingy. Customer service is lacking. They are slowly slipping into bankruptcy and death. What made the better choice when it came to strategy?

What is the variance of daily profit : what is expected daily profit and what is the variance of daily profit?

Where will you go to find your target audience : What will you do to gauge social media activity of your target audience? (e.g. if it's Twitter, you may use TweetDeck to set up a series of keyword searches. If it's a blog, you may scan Technorati for blog activity on a specific topic. Etc.)

Nominal decision making : Describe one purchase you made using nominal decision making, one using limited decision making, and one using extended decision making. What caused you to use each type of decision process?

What are the appropriate statistical hypotheses : A market analyst believes that more than 30% of the adults in a certain area regularly read a certain magazine. What are the appropriate statistical hypotheses.

Negative aspects of personal selling : How do salespeople contribute to our society? Are there negative aspects of personal selling from a societal perspective?

User Account

All Pages