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)

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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