Question: Please help as quickly as possible 1. You plan to open a new Pizza Restaurant, and found these statistics for similar restaurants: Percent years' Earnings

Please help as quickly as possible

1. You plan to open a new Pizza Restaurant, and found these statistics for similar restaurants: Percent years' Earnings 10% 4000 loss 45% 0 35% 4000 profit 10% 6000 profit Using these as probabilities for your new restaurant's profit, Determine: a) The Expected Value. [2 Marks] b) The Variance. [3 Marks] c) The standard deviation. [2 Marks] Activate V

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