1 In September, demand for industrial furnace boilers at a large plumbing supply warehouse has a mean of 7 boilers with a standard deviation of 2 boilers. The warehouse pays a unit cost of $2,225 per boiler plus a fee of $500 per month to act as dealer for these boilers. Boilers are sold for $2,850 each. (a) Find the mean and standard deviation of September profit (revenue minus cost). (b) Which rules did you use?
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