MATLAB: An Introduction with Applications
6th Edition
ISBN: 9781119256830
Author: Amos Gilat
Publisher: John Wiley & Sons Inc
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Question
- Variance:
An ice cream shop sells three flavors: vanilla, chocolate, and strawberry. The daily sales in dollars are represented by the following distribution:
FLAVOR |
PROBABILITY |
VANILLA (V) |
0.4 |
CHOCOLATE (C) |
0.3 |
STRAWBERRY (S) |
0.3 |
If the expected daily sales are $300 for vanilla, $400 for chocolate, and $500 for strawberry, calculate the variance of the daily sales.
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