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

question 212

Essay

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?

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Definitions:

Cheyne-Stokes

A pattern of breathing characterized by a gradual increase in breathing followed by a decrease and a period of apnea, commonly seen in heart failure and neurological diseases.

Tailor Position

A sitting position where the legs are crossed and spread apart, resembling the traditional posture of a tailor. It is often recommended during pregnancy.

Cremasteric Reflex

A reflexive contraction of the cremaster muscle, that elevates the testis in response to touch.

Palpation

A medical method that involves using the hands to examine the body, particularly to assess the size, consistency, and location of certain body parts.