Q1: A company XXX operates 4 different business units with the following profit percent- age and probability Business un

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Q1 A Company Xxx Operates 4 Different Business Units With The Following Profit Percent Age And Probability Business Un 1 (31.95 KiB) Viewed 81 times

Q1: A company XXX operates 4 different business units with the following profit percent- age and probability Business unit profit percentage (%) probability Unit A 10 0.20 Unit B 3 0.40 Unit C 4 0.35 Unit D 12 0.05 Let X be the profit percentage (%) from the business units. Use the above table to answer the following questions. a) Show how to find E(X) with full details and give the final answer. b) Show how to find Var(x) with full details and give the final answer. c) Explain the meaning of E(X) with full details and give the final answer.