What is the expected value of total profit
Suppose that Total Revenue = 200Q and Total Cost = 80 + 50Q where Q, the quantity sold, is a random variable with expected value 20 and variance 4.
What is the expected value of total profit? What is the standard deviation of total profit?
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Suppose that Total Revenue = 200Q and Total Cost = 80 + 50Q where Q, the quantity sold, is a random variable with expected value 20 and variance 4. What is the expected value of total profit?
A year ago OmniSales implemented the payroll system. The system has performed well, but OmniSales needs to add more features and improve performance. What types of maintenance has the information technology staff performed? What types of maintenance
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Write down the differential equations which describe the probabilistic behavior of the unit in time as a Markov process. Find the reliability function for the unit.
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