The number of jackets sold per week at a boutique shop is shown in the table, with
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Question:
The number of jackets sold per week at a boutique shop is shown in the table, with the corresponding probabilities. Find mean, variance, and standard deviation of the distribution.
Number of jackets: 19 15 18 12 16
Probability P(X): 0.24 0.36 0.11 0.10 0.20
If the manager of the boutique shop wants to be sure that he has enough jackets for the next month, how many should the manager purchase?
Related Book For
Mathematical Applications for the Management Life and Social Sciences
ISBN: 978-1305108042
11th edition
Authors: Ronald J. Harshbarger, James J. Reynolds
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