small mobile service provider (MSP) offers four different basic cell phone plans that are sold at a kiosk in a mall. The table below shows the sale amount for each plan (the upfront cost of each plan) as well as the probability that each plan will sell in a given day. a. Complete the missing value in the following table. Do NOT round your answer! Plan Sale Amount (in dollars)
small mobile service provider (MSP) offers four different basic cell phone plans that are sold at a kiosk in a mall. The table below shows the sale amount for each plan (the upfront cost of each plan) as well as the probability that each plan will sell in a given day. a. Complete the missing value in the following table. Do NOT round your answer! Plan Sale Amount (in dollars)
Holt Mcdougal Larson Pre-algebra: Student Edition 2012
1st Edition
ISBN:9780547587776
Author:HOLT MCDOUGAL
Publisher:HOLT MCDOUGAL
Chapter11: Data Analysis And Probability
Section: Chapter Questions
Problem 15CR
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Question
A small mobile service provider (MSP) offers four different basic cell phone plans that are sold at a kiosk in a mall. The table below shows the sale amount for each plan (the upfront cost of each plan) as well as the probability that each plan will sell in a given day.
a. Complete the missing value in the following table. Do NOT round your answer!
b. What is the standard deviation of the sale amount for the kiosk on a given day?
Answer: ________$ Round to at least FIVE decimals if necessary
c. The kiosk owner earns a commission of 4.4% of each dollar earned from the sales made in a given day. They also earn a flat amount of 140 dollars per day. What is the expected amount of money the kiosk owner earns in a given day?
Answer: ________$ Round to at least FIVE decimals if necessary
a. Complete the missing value in the following table. Do NOT round your answer!
Plan | Sale Amount (in dollars) | Probability of Sale |
Plan A | 129.5 | 0.25 |
Plan B | 165 |
________
|
Plan C | 245.5 | 0.11 |
Plan D | 284 | 0.42 |
b. What is the standard deviation of the sale amount for the kiosk on a given day?
Answer: ________$ Round to at least FIVE decimals if necessary
c. The kiosk owner earns a commission of 4.4% of each dollar earned from the sales made in a given day. They also earn a flat amount of 140 dollars per day. What is the expected amount of money the kiosk owner earns in a given day?
Answer: ________$ Round to at least FIVE decimals if necessary
Part c is most important
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