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Big Cure and Little Cure are both pharmaceutical companies. Big Cure presently has a potential blockbuster drug before the Food and Drug Administration ( FDA
Big Cure and Little Cure are both pharmaceutical companies. Big Cure presently has a potential "blockbuster" drug before the Food and Drug Administration FDA waiting for approval. If approved, Big Cure's blockbuster drug will produce $ billion in net income for Big Cure. Little Cure has separate less important drugs before the FDA waiting for approval. If approved, each of Little Cure's drugs would produce $ million in net income for Little Cure. The probability of the FDA approving a drug is
The standard deviation of Little Cure's average net income for their ten new drugs is closest to:
$ million.
$ million.
$ million.
$ million.
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