question archive Company G also sells fat quarters

Company G also sells fat quarters

Subject:MathPrice: Bought3

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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