Sales versus Profit The monthly sales, X, of a company have a mean of P25,000 and...
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Sales versus Profit The monthly sales, X, of a company have a mean of P25,000 and a standard deviation of P4,000. Profits, Y, are calculated by multiplying sales by 0.3 and subtracting fixed costs of P6,000. What are the mean profit and the standard deviation of profit? Sales versus Profit The monthly sales, X, of a company have a mean of P25,000 and a standard deviation of P4,000. Profits, Y, are calculated by multiplying sales by 0.3 and subtracting fixed costs of P6,000. What are the mean profit and the standard deviation of profit?
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Accounting Information Systems
ISBN: 9780132871938
11th edition
Authors: George H. Bodnar, William S. Hopwood
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