Mathematics, 19.01.2021 19:20 mdegracia73
The local Toyota dealership pays an average of $9,260 with a standard deviation of $1099 for used car trade-ins. They sell new cars at an average of $28,451 with a standard deviation of $3392. Assume independence of new cars and trade-ins. What are the mean and standard deviation of the revenue this dealership should expect when a person trades in a car and purchases a new one?
Answers: 1
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