What is expected daily profit and what is the variance of


Sales per day for a product are as follows: x= 10, 11, 12, 13

(p)= 0.2, 0.4, 0.3, 0.1

obtain mean and variance of daily sale.

if the profit is described by the following equation profit = -15 + 4.5X

what is expected daily profit? what is the variance of daily profit?

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Mathematics: What is expected daily profit and what is the variance of
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