1.Tprint Cellular has introduced a new billing plan called "Your Choice." Under the plan,you choose your allotment of cell phone minutes at the beginning of each month. Your monthly billis then a fixed charge of $10, plus 8 cents for each minute in your allotment. If you talk more thanyour allotted minutes in a month, you must pay a penalty charge of 40 cents per minute. If you donot use the minutes allotted to you in a month, the unused minutes are lost and do not "roll over"to the next month. From your cell phone bills the past 10 months, you find the following data onyour minutes talked per month, and you decide to use this empirical distribution as a forecast ofyour talking behavior going forward. Assume that you will not alter your talking behavior basedon your allotment of minutes.MonthFebJanDecNovOctSepAugJulJunMayMinutes.280380255250190315250350275260(a) Your old plan offered 300 minutes for a fixed charge. What service level does an allotmentof 300 minutes represent?

As per the question, we are asked to determine the service level represented by an allotment of 300…

Answered: Tprint Cellular has introduced a new…

Advanced Engineering Mathematics

10th Edition

ISBN:9780470458365

Author:Erwin Kreyszig

Publisher:Erwin Kreyszig

Chapter2: Second-order Linear Odes

Section: Chapter Questions

Problem 1RQ

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