X Probability -200 0.07 -75 0.09 0 1 0.21 50 0.31 125 0.24 250 0.06 375...

 

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X Probability -200 0.07 -75 0.09 0 1 0.21 50 0.31 125 0.24 250 0.06 375 0.02 The probability distribution shown above is for the MRA Company's projective profits (x-profit in $1.000s) for the first year of operation (negative values denote a loss). Find the MRA Company's standard deviation in profit for the first year of operation (in $1.000). (Be accurate to four decimals.) Correct Answer: 110.2778 Answer range +/- 0 (110.2778-110.2778) 2020.9:01:27 AM CDT amber X Probability -200 0.07 -75 0.09 0 1 0.21 50 0.31 125 0.24 250 0.06 375 0.02 The probability distribution shown above is for the MRA Company's projective profits (x-profit in $1.000s) for the first year of operation (negative values denote a loss). Find the MRA Company's standard deviation in profit for the first year of operation (in $1.000). (Be accurate to four decimals.) Correct Answer: 110.2778 Answer range +/- 0 (110.2778-110.2778) 2020.9:01:27 AM CDT amber

Answer rating: 100% (QA)

To find the expected profit for the first year of operation we need to multiply ... View the full answer