Two different designs on a new line of summer T-shirts for the coming summer are available for your manufacturing plants. Your profit (in thousands of dollars) will depend on the taste of the consumers when summer arrives. The probability of the three possible different tastes of the consumers and the corresponding profits are presented in the following table.

Hint Discrete Probability Table 5-8

Probability	Taste	Design A	Design B
0.2	more conservative	180	520
0.5	no change	230	310
0.3	more liberal	350	270

1. 6) Referring to Table 5-8, what is the variance of your profit when Design A is chosen?

2 Referring to Table 5-8, which design has the better Standard Deviation and why?

Answer rating: 100% (QA)

Referring to Table 58 what is the variance of your profit when Design A is cho... View the full answer