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:
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.g., $12,300,000 should be entered as
"12.30"). Round the coefficient of variation to 3 decimal
|Expected value||$ million|
|Standard deviation||$ million|
|Coefficient of variation|| |
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