expectaton, Advanced Statistics

Assignment Help:
sales per day for a product are as follows: x= 10, 11, 12, 13
(p)= 0.2, 0.4, 0.3, 0.1
obtain mean and variance of daily sale.
if the profit is described by the following equation profit=-15+4.5X
what is expected daily profit? what is the variance of daily profit ?

Related Discussions:- expectaton

Analysis of variance, Thomas Economic Forecasting, Inc. and Harmon Economet...

Thomas Economic Forecasting, Inc. and Harmon Econometrics have the same mean error in forecasting the stock market over the last ten years. However, the standard deviation for Thom

Frequency distribution, The division of a sample of observations into sever...

The division of a sample of observations into several classes, together with the number of observations in each of them.  It acts as a useful summary of the main features of the da

Differences total spot, The graphical process most frequently used in the a...

The graphical process most frequently used in the analysis of data from a two-by-two crossover design. For each of the subject the difference between the response variable values o

Explain multiple comparison tests, Multiple comparison tests : Procedures f...

Multiple comparison tests : Procedures for detailed examination of the differences between a set of means, generally after a general hypothesis that they are all equal has been rej

Explain personal probabilities, Personal probabilities : A radically specia...

Personal probabilities : A radically special approach for allocating probabilities to events than, for instance, the commonly used long-term relative frequency approach. In this ty

Markov chains.., a shop is selling laptops at regular price and at half pri...

a shop is selling laptops at regular price and at half price.If the laptops are regular price a day they will be at regular price tha day after with proba 2/3, if the laptops are a

Define lagging indicators, Lagging indicators: The part of a collection of...

Lagging indicators: The part of a collection of the economic time series designed to give information about the broad swings in measures of the aggregate economic activity known a

EM, What is the EM?

What is the EM?

Quantitative, How has quantitative analysis changed the current scenario in...

How has quantitative analysis changed the current scenario in the management world today?

Math, A statewide survey of 1,706 California adults’ residents include the ...

A statewide survey of 1,706 California adults’ residents include the following question: would you favor or oppose providing a path to citizenship for illegal immigrants in the U.S

Write Your Message!

Captcha
Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd