Ask Question, Ask an Expert

+1-415-315-9853

info@mywordsolution.com

Ask Statistics and Probability Expert

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.

Statistics and Probability, Statistics

  • Category:- Statistics and Probability
  • Reference No.:- M943759

Have any Question? 


Related Questions in Statistics and Probability

Consider repair costs for car a and car b the mean repair

Consider repair costs for Car A and Car B. The mean repair cost for each is $500 per year. Which statistics about repair costs may play into your decision to purchase one of these cars? Which car would you choose? Explai ...

Focusing on leadership and changeintroductionin this

Focusing on leadership and change Introduction In this assignment, we will focus on you, your relationship to leadership and change in your work context and the management ideas that have influenced those topics. Rather ...

One of the most famous labormanagement conflicts took place

One of the most famous labor/management conflicts took place in the 1902 Coal Strike in Pennsylvania. The strike brought the coalmine owner George Baer against the United Mine Workers Union, and led Theodore Roosevelt to ...

A population of lawnmowers life expectancy is described

A population of lawnmowers' life expectancy is described with a Weibull distribution, where α=1 and β=15. Determine 1× (once) and 2× (twice) the expected mean lifes for the population, as well as their corresponding cumu ...

1 what geographical and historical factors have led

1. What geographical and historical factors have led Singapore to develop such a particular, and highly valued, local form of the English language? 2. Why are the tiny Spratly Islands such a controversial issue in Southe ...

1 how can partial correlation help researchers explore

1. How can partial correlation help researchers explore possible causal relationships among correlated variables? 2. When is the Spearman rank-order correlation used? 3. What is a dichotomous variable? What correlations ...

Risk taking is an important part of investing in order to

Risk taking is an important part of investing. In order to make suitable investment decisions on behalf of their customers, portfolio managers give a questionnaire to new customers to measure their desire to take financi ...

Suppose that a certain college class contains 49 students

Suppose that a certain college class contains 49 students. Of these, 24 are seniors, 26 are English majors, and 9 are neither. A student is selected at random from the class. (a) What is the  probability  that the studen ...

The average prime member spends 5010 a year on the website

The average prime member spends $5,010 a year on the website shopping a wide assortment of goods. In order to increase sales, Amazon starts offering Two Hour Prime Delivery (you can order stuff on Amazon.com and it gets ...

What is the variation in lsquofalse rejects that is not

What is the variation in ‘False rejects' that is NOT attributable to the Inspectors (as Sum of squares, not as percentage or mean)? 349.4 84.9 264.5 10.58 21.2

  • 4,153,160 Questions Asked
  • 13,132 Experts
  • 2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

Section onea in an atwood machine suppose two objects of

SECTION ONE (a) In an Atwood Machine, suppose two objects of unequal mass are hung vertically over a frictionless

Part 1you work in hr for a company that operates a factory

Part 1: You work in HR for a company that operates a factory manufacturing fiberglass. There are several hundred empl

Details on advanced accounting paperthis paper is intended

DETAILS ON ADVANCED ACCOUNTING PAPER This paper is intended for students to apply the theoretical knowledge around ac

Create a provider database and related reports and queries

Create a provider database and related reports and queries to capture contact information for potential PC component pro

Describe what you learned about the impact of economic

Describe what you learned about the impact of economic, social, and demographic trends affecting the US labor environmen