jaileen84
jaileen84
16.04.2020 • 
Business

The revenue (X) from the sales of a compay has an expected value of $7,263, with a standard deviation of $495 while the cost (Y) has an expected value of $3,175, with a standard deviation of $231. The covariance between the revenue and cost is 1,691. What is the variance of the profit (X-Y) of the company?

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