A lab orders a shipment of 100 rats a week for experiments that the lab conducts. Prices for each weekly shipment of rats follow
the distribution below. Suppose the mean cost of the rats turned out to be $ 12.63 per week. Interpret this value.How much should the lab budget for the next year's rat orders assuming this distribution does not change. Find the expected price.
We know that a lab orders a shipment of 100 rats a week for experiments that the lab conducts. Suppose the mean cost of the rats turned out to be $ 12.63 per week. We calculate budget of a lab for the next year's.
