A lab orders a shipment of 100 rats a week for experiments that the lab conducts. Prices for each weekly shipment of rats follow the distribution below. Suppose the mean cost of the rats turned out to be $ 12.63 per week. Interpret this value. How much should the lab budget for the next year's rat orders assuming this distribution does not change. Find the expected price.

Question

Mathematics

Brady Hoover

29 June, 20:26

A lab orders a shipment of 100 rats a week for experiments that the lab conducts. Prices for each weekly shipment of rats follow the distribution below. Suppose the mean cost of the rats turned out to be $ 12.63 per week. Interpret this value. How much should the lab budget for the next year's rat orders assuming this distribution does not change. Find the expected price.

+1

Answers (2)

Know the Answer?

Shayna Villegas · Answer 1

Step-by-step explanation:

Weekly cost of shipping rats = $12.63/week.

Assume, 1 year have 52 weeks,

Price for the next year = 52 * 12.63

= 656.76

Therefore, the budget = $656.76

Cuddles · Answer 2

Therefore, the budget is 656.76$.

Step-by-step explanation:

We know that a lab orders a shipment of 100 rats a week for experiments that the lab conducts. Suppose the mean cost of the rats turned out to be $ 12.63 per week. We calculate budget of a lab for the next year's.

We know that 1 year have 52 weeks. We get

52 · 12.63 = 656.76

Therefore, the budget is 656.76$.