uction3. Each week a garment factory makes one production run of their popular tie-dyed cheeseclothunder-shirts. The size of the run is either 5,000, 6,000, 8,000 or 10,000 undershirts, based onfield sale reports of projected demand. Although demand fluctuates considerably, the long-termmarket for the undershirts has held up well for many months. The probability distribution basedon the factory experience is:X6,000 8,00010,0005,0000.3P(X)0.4a) If the profit on each undershirt is $2.75, What is the expected weekly profit?5,000.0.3+ 6,000·0.4 + 10,000.0.1 +8,000.012002·3⁰= 4,900b) What is standard deviation of the number of undershirts weekly?√1200 = 340.1meLearn. Organ-1.5Assembler-- 5.5

Given information- We have given the probability distribution for X. X 5000 6000 8000 10000…

Answered: 3. Each week a garment factory makes…

MATLAB: An Introduction with Applications

6th Edition

ISBN:9781119256830

Author:Amos Gilat

Publisher:Amos Gilat

Chapter1: Starting With Matlab

Section: Chapter Questions

Problem 1P

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The following represents the probability distribution for the daily demand of microcomputers at a local store. Demand Probability 0 .1 1 .2 2 .3 3 .2 4 .2 The expected daily demand is _____. a. 1.0 b. 2 c. 2.2 d. 4
Suppose that you are offered the following "deal." You roll a six sided die. If you roll a 6, you win $15. If you roll a 3, 4 or 5, you win $1. Otherwise, you pay $10. a. Complete the PDF Table. List the X values, where X is the profit, from smallest to largest. Round to 4 decimal places where appropriate. Probability Distribution Table X P(X) b. Find the expected profit. $ (Round to the nearest cent) c. Interpret the expected value. This is the most likely amount of money you will win. O If you play many games you will likely lose on average very close to $0.33 per game. O You will win this much if you play a game. d. Based on the expected value, should you play this game? O No, this is a gambling game and it is always a bad idea to gamble. O Yes, since the expected value is positive, you would be very likely to come home with more money if you played many games. O Yes, because you can win $15.00 which is greater than the $10.00 that you can lose. O Yes, since the expected value is 0,…
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Suppose that you are offered the following "deal." You roll a six sided die. If you roll a 6, you win $17. If you roll a 3, 4 or 5, you win $5. Otherwise, you pay $6. a. Complete the PDF Table. List the X values, where X is the profit, from smallest to largest. Round to 4 decimal places where appropriate. Probability Distribution Table P(X) nd b. Find the expected profit. (Round to the nearest cent) c. Interpret the expected value. Of you play many games you will likely win on average very close to $3.33 per game. O You will win this much if you play a game. O This is the most likely amount of money you will win. or d. Based on the expected value, should you play this game? O Yes, since the expected value is positive, you would be very likely to come home with more money if you played many games. O Yes, since the expected value is 0, youvould be very likely to come very close to breaking even if you played many games, so you might as well have fun at no cost. No, since the expected…
Answer part a and b
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