Solved

Carpet a Store Selling Carpet Tracks the Amount of Square

Question 8

Essay

Carpet A store selling carpet tracks the amount of square footage sold to its customers, rounding to the nearest 500 sq. ft. Here is the distribution.

 area500sq. ft. 1000 sq. ft. 1500 sq. ft.2000+sq. ft.probability0.100.250.450.20\begin{array}{|l|l|l|l|l|}\hline\text { area} & 500 \text {sq. ft. }& 1000\text { sq. ft. }& 1500\text { sq. ft.} & 2000+ \text {sq. ft.} \\\hline \text {probability} & 0.10 & 0.25 & 0.45 & 0.20 \\\hline\end{array}


a. What is the average expected area sold?
b. If the average cost of carpet sold is $3/sq. ft., what is the average sale price per customer?
c. If a salesman completes sales to five customers one day, what do you expect his total sales to be?

Correct Answer:

verifed

Verified

a. 1375 sq...

View Answer

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions