A consultant is beginning work on three projects. The expected profits from these projects are $ thousand, $ thousand, and $ thousand respectively. The associated standard deviations are $ thousand, $ thousand, and $ thousand respectively. Answer the following, rounding your answers to two decimal places.
(a)
Assuming independence of outcomes, find the mean (in thousands of $) of the consultant's total profits from these three projects.
(b)
Assuming independence of outcomes, find the standard deviation (in thousands of $) of the consultant's total profits from these three projects.
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