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

question 54

Short Answer

SCENARIO 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 Scenario 5-8,what is the variance of your profit when Design A is chosen?

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Definitions:

Boxing

The process of converting a primitive type into its corresponding reference type or object.

Static Method

A method that belongs to the class, rather than instances of it, and can be called without creating an object of the class.

Class Name

A name given to a class to identify it in a program. It follows naming conventions and is used to create objects or instances.

Main Method

The entry point of a program in languages like Java, defined as a static method that takes an array of strings as an argument.