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

Records show that 13 of all college students are foreign

Records show that 13% of all college students are foreign students who also smoke. It is also known that 25% of all foreign college students smoke. What percent of the students at this university are foreign?

1 under what conditions is the median a more meaningful

1. Under what conditions is the median a more meaningful measure of central tendency than the mean? 2. Why do researchers prefer the standard deviation as a measure of variability over the range?

What is the difference between simple linear and multiple

What is the difference between simple linear and multiple regressions? Give an example of a situation where linear regression might be useful? Give an example of a situation where multiple regression might be useful?

Bob like peggy wants to know if his cookies are special but

Bob, like Peggy, wants to know if his cookies are special, but all he knows are the class average of 21.65 chips per cookie, and his own data for his 10 cookies: 12,14,15,12,12,13,17,15,15,22. Conduct all six steps of hy ...

A researcher evaluates a gun training program in a large

A researcher evaluates a gun training program in a large American city found that rapes dropped by 90% in the year following the training. Researchers looking at the same data but expanding the time frame to include 5 ye ...

Islam and the other monotheistic religions write an essay

Islam and the other monotheistic religions: Write an essay discussing the relationship between Islam, Judaism and Christianity. What does the Qur'an say about the "Peoples of the Book," and how they are to be treated? Wh ...

1 use your own random mu sigma to generate four sets of

1) Use your own random (μ, σ) to generate four sets of (normal-distribution based) random numbers (i.e., samples) of sizes n = 5, 20, 80, and 320, respectively. 2) Calculate the means and standard deviations for the 4 sa ...

Consider a sealed-bid second-price auction with two buyers

Consider a sealed-bid second-price auction with two buyers, whose private values are independent; buyer 1's private value is uniformly distributed over [0, 1], and buyer 2's private value is uniformly distributed over [0 ...

Linear regression and the fitting-lineexercise 1 the

Linear Regression and the "fitting-line" Exercise 1: The following table shows how many weeks six persons have worked at an automobile inspection station and the number of cars each one inspected between 3 p.m. and 5 p.m ...

A random sample of 1260 adults living innbspnew york

A random sample of 1,260 adults living in New York city was asked (among other things) to name their favorite sports (to watch). Of the 670 females in the survey, 375 indicated that baseball was their favorite sport. Of ...

  • 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

WalMart Identification of theory and critical discussion

Drawing on the prescribed text and/or relevant academic literature, produce a paper which discusses the nature of group

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