SCENARIO 5-8 Two Different Designs on a New Line of Winter Jackets

Short Answer

SCENARIO 5-8
Two different designs on a new line of winter jackets for the coming winter are available for your manufacturing plants.Your profit (in thousands of dollars)will depend on the taste of the consumers when winter arrives.The probability of the three possible different tastes of the consumers and the corresponding profits are presented in the following table.

-Referring to Scenario 5-8,what is the total standard deviation of the profit if you add more shifts to your production lines and choose to produce both designs?