Question
Company G also sells fat quarters. The mean and standard deviation of the number of defects on a fat quarter that can be sold by
Company G also sells fat quarters. The mean and standard deviation of the number of defects on a fat quarter that can be sold by Company G are 0.40 and 0.66, respectively. The fat quarters sell for $5.00 each, but are discounted by $1.50 for each defect found. What are the mean and standard deviation of the selling price for the fat quarters sold by Company G?
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Statistics The Art And Science Of Learning From Data
Authors: Alan Agresti, Christine A. Franklin
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9780321849281, 321755944, 321849280, 978-0321755940
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