Prices for each weekly shipment of rats follow the distribution below. Price $10.00 $12.50 $15.00 Probability 0.35 0.4 0.25 How much should the lab budget for next year's rat orders assuming this distribution does not change? Round to the nearest cent. (Hint: Find the expected price.) OA. $3,312,400.00 O B. $12.25 OC. $1,225.00 O D. $637.00 ...

MATLAB: An Introduction with Applications
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ISBN:9781119256830
Author:Amos Gilat
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Chapter1: Starting With Matlab
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A lab orders a shipment of 100 rats a week, 52 weeks a year, from a rat supplier for experiments that the lab conducts.
Prices for each weekly shipment of rats follow the distribution below.
Price
$10.00 $12.50
$15.00
Probability
0.35
0.4
0.25
How much should the lab budget for next year's rat orders assuming this distribution does not change? Round to the
nearest cent. (Hint: Find the expected price.)
OA. $3,312,400.00
OB. $12.25
OC. $1,225.00
O D. $637.00
***
Transcribed Image Text:A lab orders a shipment of 100 rats a week, 52 weeks a year, from a rat supplier for experiments that the lab conducts. Prices for each weekly shipment of rats follow the distribution below. Price $10.00 $12.50 $15.00 Probability 0.35 0.4 0.25 How much should the lab budget for next year's rat orders assuming this distribution does not change? Round to the nearest cent. (Hint: Find the expected price.) OA. $3,312,400.00 OB. $12.25 OC. $1,225.00 O D. $637.00 ***
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