# Question: Refer to problem 3 4 Suppose the car dealership s operation costs

Refer to problem 3-4. Suppose the car dealership's operation costs are well approximated by the square root of the number of cars sold, multiplied by $300. What is the expected daily cost of the operation? Explain.

X P(x)

0 ..... 0.1

1 ..... 0.1

2 ..... 0.2

3 ..... 0.2

4 ..... 0.3

5 ..... 0.1

X P(x)

0 ..... 0.1

1 ..... 0.1

2 ..... 0.2

3 ..... 0.2

4 ..... 0.3

5 ..... 0.1

**View Solution:**## Answer to relevant Questions

In problem 3-2, suppose that a cost is imposed of an amount equal to the square of the number of additional hours of sleep. What is the expected cost? Explain. X P(x) 0 ..... 0.01 1 ..... 0.09 2 ..... 0.30 3 ..... 0.20 4 ...The daily exchange rate of one dollar in euros during the first three months of 2007 can be inferred to have the following distribution. X P(x) 0.73 ... 0.05 0.74 ... 0.10 0.75 ... 0.25 0.76 ... 0.40 0.77 ... 0.15 0.78 ...A computer laboratory in a school has 33 computers. Each of the 33 computers has 90% reliability. Allowing for 10% of the computers to be down, an instructor specifies an enrollment ceiling of 30 for his class. Assume that a ...A mainframe computer in a university crashes on the average 0.71 time in a semester. a. What is the probability that it will crash at least two times in a given semester? b. What is the probability that it will not crash at ...A shipment of thousands of pins contains some percentage of defectives. To decide whether to accept the shipment, the consumer follows a sampling plan where 80 items are chosen at random from the sample and tested. If the ...Post your question