2. A startup company selling a board game must decide on the number of products to produce. A board game costs €6 to make and is to be sold for €18. Unsold games are worthless. The company estimates that the probability distribution for their product is as follows: Amount demanded 1200 1500 1800 Probability 0.55 0.25 0.2 (a) Calculate the company's expected profit if it produces 1500 board games. (b) What is the variance of the profit from (a)?

2. A startup company selling a board game must decide on the number of products to produce. A board game costs €6 to make and is to be sold for €18. Unsold games are worthless. The company estimates that the probability distribution for their product is as follows: Amount demanded 1200 1500 1800 Probability 0.55 0.25 0.2 (a) Calculate the company's expected profit if it produces 1500 board games. (b) What is the variance of the profit from (a)?

Holt Mcdougal Larson Pre-algebra: Student Edition 2012

1st Edition

ISBN:9780547587776

Author:HOLT MCDOUGAL

Publisher:HOLT MCDOUGAL

Chapter11: Data Analysis And Probability

Section11.8: Probabilities Of Disjoint And Overlapping Events

Problem 2C

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