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Hooper Chemical Company. a major chemical firm that uses such raw materials as carbon and petroleum as part of its production process, is examining a
Hooper Chemical Company. a major chemical firm that uses such raw materials as carbon and petroleum as part of its production process, is examining a plastics firm to add to its operations. Before the acquisition, the normal expected outcomes for the firm were as follows: Recession Normal economy Strong economy Outcomes ($ millions) Probability $10 2.2 2.2 50 Compute the expected value, standard deviation, and coefficient of variation prior to the acquisition. (Do not round Intermediate calculations. Enter your dollar answers in millions rounded to 2 decimal places (e.... $12,300.000 should be entered as "1230"). Round the coefficient of variation to 3 decimal places.) Expected value Standard deviation Coefficient of variation million million
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