MATLAB: An Introduction with Applications
MATLAB: An Introduction with Applications
6th Edition
ISBN: 9781119256830
Author: Amos Gilat
Publisher: John Wiley & Sons Inc
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A computer sales store purchased 3 machines from a manufacturer. He will sell them for 1000
each. The manufacturer promised to buy back any unsold computers after 6 months for 200 each.
For the store, the acquisition cost of each machine is 600. Let X be the number of computers sold
and their corresponding probabilities:
a) Calculate expected profit
b) Calculate the coefficient of variation.
c) It would be better to buy 2 machines instead of 3. Why?
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Transcribed Image Text:A computer sales store purchased 3 machines from a manufacturer. He will sell them for 1000 each. The manufacturer promised to buy back any unsold computers after 6 months for 200 each. For the store, the acquisition cost of each machine is 600. Let X be the number of computers sold and their corresponding probabilities: a) Calculate expected profit b) Calculate the coefficient of variation. c) It would be better to buy 2 machines instead of 3. Why?
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