Answer:
- 1800 ; 4284.8579 ;
Step-by-step explanation:
Given the table :
Outcome _____ probability
-12000 ________ 0.15
__ 0 __________ 0.85
Expected loss, m: Σx*p(x)
(-12000 * 0.15) + (0 * 0.85)
-1800 + 0 = - 1800
Standard deviation = sqrt(Var(x))
Var(x) = Σx²*p(x) - m²
(-12000^2 * 0.15) + (0^2 * 0.85)] - 1800^2
21,600,000 - 3240000
= 18360000
Standard deviation = sqrt(18360000)
Standard deviation = 4284.8579
No, because if you add it up all together her recipe does not call for 20 cups.
hope this helps :)
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