fmas6855
16.03.2020 •
Mathematics
Annual profit (P) is the product of total annual sales (S) and profit per unit sold (X); that is, Pequals=Xtimes•S. It is desired to know the probability distribution of the random variable P when X and S have the following assumed probability mass functions (X and S are independent). What are the mean, variance, and standard deviation of the probability distribution for annual profit, P?
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