expected profit, standard deviation, Managerial Economics

The Learned Book Company has a choice of publishing one of two books o the subject of Greek mythology.  It expects the sales period for each to be extremely short, and it estimates profit probabilities as follows:

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Calculate the expected profit, standard deviation, and coefficient of variation for each book.  If you were asked which of the two to publish, what would be your advice?

 

Posted Date: 3/13/2013 7:51:32 AM | Location : United States







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