Question

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


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  • CreatedJune 03, 2015
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