Car Audio Store
For a car audio store,a payoff table,the prior probabilities for two states of nature,and the likelihood probabilities are shown below: Payoff Table: 
-{Car Audio Store Narrative} Use your answers to the previous questions to calculate the expected monetary value with additional information.
Definitions:
Squared Deviations
The squares of the differences between each data point in a data set and the mean of that data set, used in various statistical calculations.
Grand Mean
The grand mean is the mean of means, calculated by taking the average of the mean values from multiple groups or samples within the data.
Population Variances
A measure that indicates the degree to which individuals in a population vary or differ from the mean of the population.
Normally Distributed
Refers to a theoretical distribution whose random variable values are symmetrically distributed around the mean, having a specific bell-shaped curve.
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