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You have purchased a some land in Sooke for $800,000. You are planning to sell it in two years. You have made the following
You have purchased a some land in Sooke for $800,000. You are planning to sell it in two years. You have made the following probability distribution for selling prices (prices are in thousands): Price Probability 600 900 1,000 1,400 What is the standard deviation of this distribution? 0.25 0.30 0.25 0.20
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To calculate the standard deviation of a probability distribution we need to calculate the variance ...
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Data Analysis And Decision Making
Authors: Christian Albright, Wayne Winston, Christopher Zappe
4th Edition
538476125, 978-0538476126
