SCENARIO 5-12
Two Different Designs on a New Line of Winter

question 285

Short Answer

SCENARIO 5-12
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. $$\begin{array} { | c | c | r | r | } \hline \text { Probability } & \text { Taste } & \text { Design A } & \text { Design B } \\\hline 0.2 & \text { more conservative } & 180 & 520 \\\hline 0.5 & \text { no change } & 230 & 310 \\\hline 0.3 & \text { more liberal } & 350 & 270 \\\hline\end{array}$$
-Referring to Scenario 5-12, if you decide to choose Design A for 30% of the production lines and
Design B for the remaining production lines, what is the coefficient of variation of your
investment?

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Definitions:

Divine Figure

A supreme being or deity revered in various religions and spiritual traditions, often attributed with the creation and governance of the universe.

Secular

Nonreligious; a secular society separates church and state and does not endorse any religion.

Secular Society

A society where religious beliefs and institutions do not have a dominant influence on public life and governance.

Church and State

The concept referring to the distinct separation of religious institutions and governmental entities, to ensure religious freedom and neutrality in governance.