A lab orders 100 rats a week for each of the 52 weeks in the year for experiments thatthe lab conducts. Prices for 100 rats follow the following distribution:Price:$10.00$12.50$15.00Probability:0.350.400.25How much should the lab budget for next year's rat orders be, assuming thisdistribution does not change?

Introduction :- By utilising given information we have to estimate the labs budget for next year's…

Answered: A lab orders 100 rats a week for each…

A First Course in Probability (10th Edition)

10th Edition

ISBN:9780134753119

Author:Sheldon Ross

Publisher:Sheldon Ross

Chapter1: Combinatorial Analysis

Section: Chapter Questions

Problem 1.1P: a. How many different 7-place license plates are possible if the first 2 places are for letters and...

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L10Q7.Find the unknown value from the following probability distribution.
A ballet instructor is interested in knowing what percent of each year's class will continue on to the next, so that she can plan what classes to offer. Over the years, she has established the following probability distribution. Let X = the number of years a student will study ballet with the teacher. Let P(x) = the probability that a student will study ballet x years. Complete the table below using the data provided. (Enter exact numbers as integers, fractions, or decimals.) P(x) x*P(x) 1 0.10 2 0.10 3 0.10 4 0.30 6 0.20 7 0.05 Additional Materials O Reading
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