Company G also sells fat quarters. The mean and standard deviation of the number of defects on
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Company G also sells fat quarters. The mean and standard deviation of the number of defects on a fat quarter that can be sold by Company G are 0.40 and 0.66, respectively. The fat quarters sell for $5.00 each, but are discounted by $1.50 for each defect found. What are the mean and standard deviation of the selling price for the fat quarters sold by Company G?
Related Book For
Statistics The Art and Science of Learning from Data
ISBN: 978-0321755940
3rd edition
Authors: Alan Agresti, Christine A. Franklin
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