What is the simplest form of of this expression?
1 answer:
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Answer:
The mean and standard deviation of Y is $6.56 and $2.77 respectively.
Step-by-step explanation:
Consider the provided information.
Let Y represent their profit on a randomly selected pizza with this promotion.
The company is going to run a promotion where customers get $2 off any size pizza.
Therefore,
So the mean will be reduced by 2.
If we add or subtract any constant number from a given distribution, then the mean is changed by the same number(i.e constant number) but the standard deviation will remain the same.
Therefore
Hence, the mean and standard deviation of Y is $6.56 and $2.77 respectively.