Complete the following table and determine the point of profit maximization.
Definitions:
Positively Skewed
A description of a distribution that has a tail extending to the right, indicating a concentration of values on the lower end.
Tail
The far end of a distribution curve, representing the extreme values in a set of data, either on the higher or lower end.
Standard Deviations
A statistic that measures the dispersion or spread of a set of data points relative to their mean.
Mean
The average of a set of numerical values, calculated by summing them up and dividing by the number of values.
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