Consider the following two probability distributions sales, Ask an Expert

Economics

Consider the following two probability distributions: Sales (thousands of units) Distribution 1 probability (%) Distribution 2 probability (%) 50 10 10 60 20 15 70 40 20 80 20 30 90 10 25 a. Graph the two distributions shown in the table. What are the expected sales for the two probability distributions? b. Calculate the variance and standard deviation for both distributions. Which distribution is more risky?

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Business Economics, Economics

Category:- Business Economics
Reference No.:- M91694877

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