Shopping Outlet
A shopping outlet estimates the probability distribution of the number of stores shoppers actually enter as shown in the table below. 
-{Shopping Outlet Narrative} Use the laws of variance to calculate the variance and standard deviation of Y from the probability distribution of X.
Definitions:
Product Cost
The total cost to produce a product, including direct labor, materials, and manufacturing overhead.
Prime Cost
The direct costs of manufacturing an item, which include direct materials and direct labor costs, but exclude overhead costs.
Conversion Cost
The total expenses of direct labor plus manufacturing overheads used to transform raw materials into finished products.
Cost of Goods Manufactured
The total cost of materials, labor, and manufacturing overhead used to produce goods over a specific period.
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