Canadas annual exports to India are $2.8 billion on average with a standard deviation of $0.35 billion.

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Canada’s annual exports to India are $2.8 billion on average with a standard deviation of $0.35 billion. Canada’s annual imports from India are $3.1 billion on average with a standard deviation of $0.25 billion. Calculate the mean and standard deviation of Canada’s balance of trade with India (i.e., exports – imports). State your assumptions clearly.

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Business Statistics

ISBN: 9780133899122

3rd Canadian Edition

Authors: Norean D. Sharpe, Richard D. De Veaux, Paul F. Velleman, David Wright

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