TABLE 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 Table 5-8, what is the standard deviation of your profit when Design B is chosen?
Definitions:
Superiority Complex
A psychological defense mechanism in which a person's feelings of superiority mask their feelings of inferiority.
Cognitive Simplicity
A cognitive style or way of construing the environment characterized by a relative inability to perceive differences among people.
Conditional Positive Regard
Approval, love, or acceptance granted only when a person expresses desirable behaviors and attitudes.
Detached Personality
Behaviors and attitudes associated with the neurotic trend of moving away from people, such as an intense need for privacy.
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