Mathematics, 10.08.2021 02:00 nehemiahj85
Suppose you have the following probability distribution.
State of nature Profit Level Probability
Optimistic $500 0.3
Most Likely 100 0.6
Pessimistic -400 0.1
Required:
Calculate the mean, variance, standard deviation, and coefficient of variation.
Answers: 1
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Suppose you have the following probability distribution.
State of nature Profit Level Probability
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