The company’s cost of manufacturing a single 1-inch binder is $0.25. What is the expected profit (in dollars) that the company will make, per customer, for 1-inch binder sales during the promotion? The expected profit is 1.25 c) The mean and standard deviation of “Y = the number of 2-inch binders purchased by a single customer” is 2.74 and 1.25, respectively. Assume that the number of 1-inch and 2-inch binders purchased are independent random variables. What are the mean and standard deviation of the total number of binders purchased by a single customer?

d) The company’s cost of manufacturing a single 2-inch binder is $0.55. What is the total expected profit (in dollars) that the company will make, per customer, during the promotion?