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 if you decide to choose Design A for 70% of the production lines and Design B for the remaining production lines,what is the risk of your investment?
Definitions:
Q25: Referring to Scenario 3-4,the interquartile range of
Q30: Referring to Scenario 6-2,the probability is 0.9
Q34: Referring to Scenario 4-9,if a randomly selected
Q41: A study at a college in the
Q45: Referring to Scenario 3-7,is the change in
Q47: The amount of tea leaves in a
Q109: The amount of bleach a machine pours
Q116: A worker earns $15 per hour at
Q127: The number of power outages at a
Q195: Referring to Scenario 5-1,the probability that neither