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A school sells pizza slices at the concession stand during each sporting event. The school sells a mean of 200 slices per event with a standard deviation of 25 slices.
The school spends $160 of fixed costs to buy the pizza before the event and earns a revenue of $2 per slice. They calculate their profit per event according to this formula:
profit=[total revenue][total costs]
What will be the mean and standard deviation of the distribution of profit per event?
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