It should be noted that the mean and the standard deviation of the data given in will be 4.26 and 1.1011 respectively.
<h3>How to solve
the mean.</h3>
From the complete information, the mean will be calculated as:
= (0.02 × 1) + (0.09 × 2) + (0.12 × 3) + (0.15 × 4) + (0.62 × 5)
E(X) = 4.26
The standard deviation will be calculated thus:
E(X²) = (0.02 × 1²) + (0.09 × 2²) + (0.12 × 3²) + (0.15 × 4²) + (0.62 × 5²)
E(X²) = 19.36
The standard deviation will then be the difference between the square root of 19.36 and 4.26². This will be 1.1011.
The expected profit of the company will be:
= 0.75 × E(X)
= 0.75 × 4.26
= $3.20
The mean of the total number of binders purchased will be:
= 4.26 + 2.74 = 7
The standard deviation will be 1.6658.
Lastly, the total expected profit will be:
= 0.75E(X) + 1.45E(Y)
= 0.75(4.26) + 1.45(2.74)
= 3.195 + 3.973
= 71.68
Learn more about standard deviation on:
brainly.com/question/24298037
To graph this situation we must take into account the data and the organization of each of them on the X axis and Y axis.
<h3>How to graph this situation?</h3>
To graph this situation we must take into account the data we have:
Based on these data, we assign the horizontal axis to count years and the vertical axis to count tickets per year. We must continue the pattern of increased attendance over the years.
Learn more about graph in: brainly.com/question/16608196
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Square root is the answer I believe.
