Probability Distribution

mathemalex

New member
Joined
Aug 13, 2009
Messages
4
Hello everyone,

I have a question relating to probability distributions: I am given a probability distribution and I
am told that the cost of a particular model of a printer will remain fixed at $1,500 throughout
the year and that a discount of 25x^2 dollars will be credited toward any purchases. How much can this
firm expect to spend on new printers at the end of this year? How do I incorporate the fixed cost as well
as the discount into figuring out how much money this firm expects to spend? Thank you.
 


Helo mathemalex:

What does the variable x represent?

Cheers,

~ Mark

 
This is a continuation to my earlier post: "X" represents the number of printers that are purchased each year. Sorry for the
lack of information in my previous message.
 
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