The number of jackets sold per week at a boutique shop is shown in the table, with

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The number of jackets sold per week at a boutique shop is shown in the table, with the corresponding probabilities. Find mean, variance, and standard deviation of the distribution.

Number of jackets: 19 15 18 12 16
Probability P(X): 0.24 0.36 0.11 0.10 0.20

If the manager of the boutique shop wants to be sure that he has enough jackets for the next month, how many should the manager purchase?

Related Book For answer-question

Mathematical Applications for the Management Life and Social Sciences

ISBN: 978-1305108042

11th edition

Authors: Ronald J. Harshbarger, James J. Reynolds

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Posted Date: Apr 21, 2021 04:19 AM

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The number of jackets sold per week at a boutique shop is shown in the table, with

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Mathematical Applications for the Management Life and Social Sciences

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