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12-05-2024
Mathematics

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A bicycle shop plans to offer 2 specially priced children's models at a sidewalk sale. The basic model will return an income of $110 and the deluxe model $120. Past experience indicates that sales of the basic model will have a mean of 5.8 bikes with a standard deviation of 1.1, and sales of the deluxe model will have a mean of 3.1 bikes with a standard deviation of 0.7 bikes. The cost of setting up for the sidewalk sale is $300. What is standard deviation of net income

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