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,...


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:



  1. a) Calculate expected profit

  2. b) Calculate the coefficient of variation.

  3. c) It would be better to buy 2 machines instead of 3. Why?




Jun 08, 2022
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