The standard deviation of the number of sets sold per year is 10,000. a. What is the expected value of the firm s annual profit? b. What is the standard deviation of the firm s annual profit? c. What is the coefficient of variation of the firm s annual profit?
The Electro Corp., which manufactures tv sets, has a fixed cost of $1 million per year. The gross profit form each tv set sold that is, the price less the average variable cost is $20. The expected value of the number of sets the company sells per year is 100,000. The standard deviation of the number of sets sold per year is 10,000.
a. What is the expected value of the firm s annual profit?
b. What is the standard deviation of the firm s annual profit?
c. What is the coefficient of variation of the firm s annual profit?
Top-quality papers guaranteed
100% original papers
We sell only unique pieces of writing completed according to your demands.
Confidential service
We use security encryption to keep your personal data protected.
Money-back guarantee
We can give your money back if something goes wrong with your order.
Enjoy the free features we offer to everyone
-
Title page
Get a free title page formatted according to the specifics of your particular style.
-
Custom formatting
Request us to use APA, MLA, Harvard, Chicago, or any other style for your essay.
-
Bibliography page
Don’t pay extra for a list of references that perfectly fits your academic needs.
-
24/7 support assistance
Ask us a question anytime you need to—we don’t charge extra for supporting you!
Calculate how much your essay costs
What we are popular for
- English 101
- History
- Business Studies
- Management
- Literature
- Composition
- Psychology
- Philosophy
- Marketing
- Economics
