subject
Mathematics, 10.03.2020 00:20 ngilliam1444

The director of publications for a university is in charge of deciding how many programs to print for football games. Based on the data, the director has estimated the following probability distribution for the random variable X= number of programs sold at the university football game:

X 25,000 40,000 55,000 70,000

P(X) 0.1 0.3 0.45 0.15

a)Compute the expected number of program sold at the university football game.

b)Compute the variance of program sold at the university football game.

c) Each program cost $1.25 to print and sells for $3.25. Any programs left unsold at the end of the game are discarded. The director has decided to print ether 55,000 or 70,000. Which of these two options maximizes the expected profit from program?

ansver
Answers: 1

Other questions on the subject: Mathematics

image
Mathematics, 21.06.2019 14:30, smith3mgy
Simonne used the following steps to simplify the given expression. 12 - 3(-2x + 4) step 1: 12 + (–3)·(–2x) + (–3)·(4) step 2: 12 + 6x + (–12) step 3: 12 + (–12) + 6x step 4: 0 + 6x step 5: 6x what property of real numbers was used to transition from step 3 to step 4? a. identity property of addition b. inverse property of addition c. associative property of addition d. commutative property of addition
Answers: 1
image
Mathematics, 21.06.2019 18:00, santosv3136
What are the equivalent ratios for 24/2= /3= /5.5=108/ = /15
Answers: 1
image
Mathematics, 21.06.2019 20:00, amylumey2005
Wich statement could be used to explain why the function h(x)= x^3 has an inverse relation that is also a function
Answers: 3
image
Mathematics, 21.06.2019 20:40, alemvp8219
Reduce fractions expressing probability to lowest terms. in 3,000 repetitions of an experiment, a random event occurred in 500 cases. the expected probability of this event is?
Answers: 3
You know the right answer?
The director of publications for a university is in charge of deciding how many programs to print fo...

Questions in other subjects: