Determining the mean and the variance
Suppose that with probability p, the random variable X has the distribution N(0,1) and with probability (1-p), X has the normal distribution N(1,1). Find the mean and the variance of X.
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Suppose the CEO of EPC has reservations about your analysis of his key decision on new product introduction. He wants to know if there is a way to account for his view of risk and how he would make some of the decisions other than just EMV. Expl
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