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Course: AP??/College Statistics?>?Unit 3
Lesson 4: Effects of linear transformationsTransforming data
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Problem
A school sells pizza slices at the concession stand during each sporting event. The school sells a mean of slices per event with a standard deviation of slices.
The school spends of fixed costs to buy the pizza before the event and earns a revenue of per slice. They calculate their profit per event according to this formula:
What will be the mean and standard deviation of the distribution of profit per event?