# A bicycle shop plans to offer 2 specially priced childrens models at a sidewalk sale. The basic

## Question:

a) Define random variables and use them to express the bicycle shop’s net profit.

b) What’s the mean of the net profit?

c) What’s the standard deviation of the net profit?

d) Do you need to make any assumptions in calculating the mean? How about the standard deviation?

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**Related Book For**

## Business Statistics

**ISBN:** 9780321925831

3rd Edition

**Authors:** Norean Sharpe, Richard Veaux, Paul Velleman