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The Property of Expected Values Says If a and B

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The property of expected values says if a and b are constants, and if x and y are random variables, then μ (ax +by) = aμx + bμy + 2ab.


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Net Income

The total profit of a company after all expenses and taxes have been subtracted from revenues, indicating the company's financial health over a specific period.

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Expenses incurred in the process of moving goods from one location to another, including freight, shipping, and handling fees.

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