SCENARIO 5-4
Two Different Designs on a New Line of Winter

question 14

Short Answer

SCENARIO 5-4
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. $$\begin{array} { | r | c | r | r | } \hline { \text { Probability } } & \text { Taste } & \text { Design A } & \text { Design B } \\\hline 0.2 & \text { more conservative } & 180 & 520 \\\hline 0.5 & \text { no change } & 230 & 310 \\\hline 0.3 & \text { more liberal } & 350 & 270 \\\hline\end{array}$$
-Referring to Scenario 5-4, what is the standard deviation of your profit when Design A is chosen?

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Definitions:

Timer Instruction

Timer Instruction is a command or function in programming used to manage the timing and delays within processes or operations, essential for sequential control.

Counter Instruction

A programming instruction used to count occurrences of an event, often used in looping structures or to keep track of quantities in automation.

Accumulated Count

A tally or total that increases over time, often used in various applications such as counting events, objects, or the amount of a substance processed.