A lab orders 100 rats a week for each of the 52 weeks in the year for experiments that the lab conducts. Prices for 100 rats follow the following distribution: Price: $10.00 $12.50 $15.00 Probability: 0.35 0.40 0.25 How much should the lab budget for next year's rat orders be, assuming this distribution does not change?

Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018
18th Edition
ISBN:9780079039897
Author:Carter
Publisher:Carter
Chapter10: Statistics
Section10.4: Distributions Of Data
Problem 19PFA
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A lab orders 100 rats a week for each of the 52 weeks in the year for experiments that
the lab conducts. Prices for 100 rats follow the following distribution:
Price:
$10.00
$12.50
$15.00
Probability:
0.35
0.40
0.25
How much should the lab budget for next year's rat orders be, assuming this
distribution does not change?
Transcribed Image Text:A lab orders 100 rats a week for each of the 52 weeks in the year for experiments that the lab conducts. Prices for 100 rats follow the following distribution: Price: $10.00 $12.50 $15.00 Probability: 0.35 0.40 0.25 How much should the lab budget for next year's rat orders be, assuming this distribution does not change?
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