Mathematics, 21.01.2021 23:10 jorell
A lab orders a shipment of frogs each week. Prices for the weekly shipments of frogs follow the distribution below:
Price $10.00 $12.50 $15.00
Probability 0.4 0.3 0.3How much should the lab budget for next year's frog orders assuming this distribution does not change? (Hint: Find the expected price and assume 52 weeks per year.)a. $637.00b. $12.25c. $1225.00d. $3,312,400.00
Answers: 2
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A lab orders a shipment of frogs each week. Prices for the weekly shipments of frogs follow the dist...
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