How much lab budget for next year-s rat orders

Reference no: EM13137472

A lab orders a shipment of 100 mice a week, 52 weeks a year, from a rat supplier for experiments that the lab conducts. Prices for each weekly shipment of rats follows the distribution below $10 with a probability of .45, 12.5 with a probability of .2, $15 with a probability of .35. How much should the lab budget for next year's rat orders assuming the distribution stays the same.

Reference no: EM13137472

Questions Cloud

What will the final mixture contain : what will the final mixture contain if 14.0 g of N2 and 35.5 g of Cl2 react to completion and the balanced equation is: N2+3Cl2--->2NCl3

Explain what are the knot values : What are the knot values? How many different curves is the B-spline curve composed of? Expand the B-spline curve equation to get the separate equations of the curves in b.

Explain the meaning of cultural competence. : Explain the meaning of cultural competence. How can you describe the cultural competence at your work?

Annual straight-line depreciation : Dec. 31 Due to new information obtained earlier in the year, the truck's estimated useful life was changed from five to four years, and the estimated salvage value was increased to $2,700. Recorded annual straight-line depreciation on the truck.

How much lab budget for next year-s rat orders : Probability of .2, $15 with a probability of .35. How much should the lab budget for next year's rat orders assuming the distribution stays the same.

Would you want the terms to be fob shipping point or fob : Assume a large shipment of uninsured merchandise to you company is destroyed when the delivery truck has an accident and burns. Would you want the terms to be FOB shipping point or FOB destination?

Bind the parties to a contract : Sakna asks Abdul if he will sell her his retail business. Abdul states that Sakna can buy the business for $20,000 to which Sakna replies 'yes, as long as my lawyer agrees'. Sakna never takes the agreement to her lawyer.

Terms related to the dimensions of diversity : Discuss any two of the following terms related to the dimensions of diversity. 1. Racism:2. Sexism:3. Ageism:

Explain variance-stabilizing transformation : Proportional to xi2, that is Var(εi)=σ2 xi2. Suppose that we use the transformation y'=y/x and x'=1/x. Is this a variance-stabilizing transformation?

User Account

All Pages