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Q1: A company XXX operates 4 different business units with the following profit percent- age and probability Business un
Posted: Sun Sep 05, 2021 5:20 pm
by answerhappygod
- Q1 A Company Xxx Operates 4 Different Business Units With The Following Profit Percent Age And Probability Business Un 1 (31.95 KiB) Viewed 90 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.