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The revenue (X) from the sales of a company has an expected value of $7,403, with a standard deviation of $551 while the cost (Y) has an expected value of $4,566, with a standard deviation of $348. The covariance between the revenue and cost is 1,434. What is the variance of the profit (X-Y) of the company?

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Business Economics, Economics

Category:- Business Economics
Reference No.:- M91705632

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