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kondaur [170]
3 years ago
10

A businessman bought a dealership that is incurring a loss of $500,000 a year. He decided to strategize in order to turn the bus

iness around. In addition to the $500,000 annual loss, his fixed cost for running the dealership on a monthly basis is $5,000. The number of cars sold per week and their probabilities mimic the outcomes of three coins being flipped. The number of cars sold in a week was observed to be the same as the number of tails that appear in a three coin flip. See the distribution:. Number of Tails 0 |1 |2 |3. probablity 1/8 | 3/8 | 3/8 | 1/8
Mathematics
1 answer:
Nikitich [7]3 years ago
5 0

Based from the given data, the expected number of cars sold in one week is B. 1.5.

The equation to solve the problem would be like this. 0*1/8 + 1*3/8 + 2*3/8 + 3*1/8 = 3/2 which when simplified is 1.5.

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