QUESTION 3 A wholesaler must decide how many computers to purchase before they know how many they will be able to sell to local retailers. The wholesaler purchases the computers for $300 each and sells them to retailers for $350 each. If the wholesaler is not able to sell them to a retailer then the wholesaler can return them to the manufacturer (for a refund of the $300 cost), but the wholesaler must pay $40 per computer that it returns to the manufacturer (in shipping, handling, and insurance costs). The following probability distribution describes the number of computers the wholesaler may possibly sell to local retailers: there is a 21% chance that they will sell1 900 computers, a 56% chance that they will sell 1200 computers; otherwise, they will sell 1500 computers. What is the expected number of computers the wholesaler will sell? (please round your answer to 1 decimal place)
QUESTION 3 A wholesaler must decide how many computers to purchase before they know how many they will be able to sell to local retailers. The wholesaler purchases the computers for $300 each and sells them to retailers for $350 each. If the wholesaler is not able to sell them to a retailer then the wholesaler can return them to the manufacturer (for a refund of the $300 cost), but the wholesaler must pay $40 per computer that it returns to the manufacturer (in shipping, handling, and insurance costs). The following probability distribution describes the number of computers the wholesaler may possibly sell to local retailers: there is a 21% chance that they will sell1 900 computers, a 56% chance that they will sell 1200 computers; otherwise, they will sell 1500 computers. What is the expected number of computers the wholesaler will sell? (please round your answer to 1 decimal place)
Chapter12: Sequences, Series And Binomial Theorem
Section12.3: Geometric Sequences And Series
Problem 12.57TI: What is the total effect on the economy of a government tax rebate of $1,000 to each household in...
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Transcribed Image Text:QUESTION 3
A wholesaler must decide how many computers to purchase before they know how many they will be able to sell to
local retailers. The wholesaler purchases the computers for S300 each and sells them to retailers for $350 each. If the
wholesaler is not able to sell them to a retailer then the wholesaler can return them to the manufacturer (for a refund
of the S300 cost), but the wholesaler must pay $40 per computer that it returns to the manufacturer (in shipping,
handling, and insurance costs). The following probability distribution describes the number of computers the
wholesaler may possibly sell to local retailers: there is a 21% chance that they will sell 900 computers, a 56% chance
that they will sell 1200 computers; otherwise, they will sell 1500 computers. What is the expected number of
computers the wholesaler will sell? (please round your answer to 1 decimal place)
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