STATISTICS

B. Directions: Do what is indicated below. They are also proposing to build on Mc Arthur Highway in Banga where iey have to charge less and with less shops to compete with. The group of entrepreneurs conducted an analysis on the two selections and presented le ndings using a probability distribution. Based on the expected values of the probability distributions, where should the company locate the bicycle shop?II oz. Probability distribution of buildingr the shop in mg, wan Center Prot [X] ? 100,000 ? 200,000 Probability Pm 0.80 0.20 b. Probability distribution of building the shop on Me Arthur Highway in Banyd Prot (X) F50,000 - 9200,000 Probability P{X} 0.95 0.05