A jeweler orders necklaces from a website that offers $6 shipping for any-size order. each necklace costs $7. the jeweler wants
2 answers:
You might be interested in
Explanation:
Since we have given that
The prices of three t-shirts styles i.e $24, $30, $36 with their probability is given by
As we know that,
Now,
and
So,
So, the expected value of a t-shirt = $31.
We have x and y intercept:
(2, 0) and (0, 3).
Substitute the coordinates of points to the equation: