Roger Hunt intends to purchase one of two car dealerships currently for sale in a certain city. Records obtained from each of the two dealers reveal that their weekly volume of sales, with corresponding probabilities, are as follows.
Dahl Motors Farthington Auto Sales The average profit/car at Dahl Motors is $364, and the average profit/car at Farthington Auto Sales is $436.
Find the average number of cars sold each week at Dahl Motors. Give your answer to two decimal places, if necessary.
__________
Find the average number of cars sold each week at Farthington Auto Sales. Give your answer to two decimal places, if necessary.
__________
If Roger's objective is to purchase the dealership that generates the higher weekly profit, which dealership should he purchase? (Compare the expected weekly profit for each dealership.)
__________

Question

Roger Hunt intends to purchase one of two car dealerships currently for sale in a certain city. Records obtained from each of the two dealers reveal that their weekly volume of sales, with corresponding probabilities, are as follows.
Dahl Motors   Farthington Auto Sales  The average profit/car at Dahl Motors is $364, and the average profit/car at Farthington Auto Sales is $436.
Find the average number of cars sold each week at Dahl Motors. Give your answer to two decimal places, if necessary.
__________
Find the average number of cars sold each week at Farthington Auto Sales. Give your answer to two decimal places, if necessary.
__________
If Roger's objective is to purchase the dealership that generates the higher weekly profit, which dealership should he purchase? (Compare the expected weekly profit for each dealership.)
__________

Quizplus · Accepted Answer

The Answer of Roger Hunt intends to purchase one of two car dealerships currently for sale in a certain city. Records obtained from each of the two dealers reveal that their weekly volume of sales, with corresponding probabilities, are as follows.
Dahl Motors   Farthington Auto Sales  The average profit/car at Dahl Motors is $364, and the average profit/car at Farthington Auto Sales is $436.
Find the average number of cars sold each week at Dahl Motors. Give your answer to two decimal places, if necessary.
__________
Find the average number of cars sold each week at Farthington Auto Sales. Give your answer to two decimal places, if necessary.
__________
If Roger's objective is to purchase the dealership that generates the higher weekly profit, which dealership should he purchase? (Compare the expected weekly profit for each dealership.)
__________

Roger Hunt Intends to Purchase One of Two Car Dealerships