CFO Director
The financial director has determined the following profitability scenarios for a new branch of the company:
Profit of 5 million CZK with probability 0.1.
Profit of 3 million CZK with probability 0.3.
Profit of 1 million CZK with probability 0.4.
Loss of 2 million CZK with probability 0.2.
Determine the expected value and standard deviation of the new branch's revenues.
Your answer:
Profit of 5 million CZK with probability 0.1.
Profit of 3 million CZK with probability 0.3.
Profit of 1 million CZK with probability 0.4.
Loss of 2 million CZK with probability 0.2.
Determine the expected value and standard deviation of the new branch's revenues.
Your answer:
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You need to know the following knowledge to solve this word math problem:
statisticscombinatoricsarithmeticUnits of physical quantitiesGrade of the word problem
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