TABLE 5-8 Two Different Designs on a New Line of Winter Jackets

question 88

Short Answer

TABLE 5-8
Two different designs on a new line of winter jackets for the coming winter are available for your manufacturing plants. Your profit (in thousands of dollars) will depend on the taste of the consumers when winter arrives. The probability of the three possible different tastes of the consumers and the corresponding profits are presented in the following table.

-Referring to Table 5-8, what is the variance of your profit when Design B is chosen?

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Definitions:

Class B License

A type of driver’s license that permits the holder to operate certain types of vehicles, such as heavy trucks and vehicles with trailers, depending on the issuing jurisdiction.

Class C License

A type of driver's license that allows the operation of vehicles designed to transport 16 or fewer passengers, including the driver, typically personal cars.

Department of Motor Vehicles

A state-level government agency responsible for vehicle registration, driver licensing, and enforcing motor vehicle laws.

Murphy v. New Milford Zoning Commission

A legal case that addresses disputes about land use and zoning regulations.