7.35 A local television station sells 15-second, 30-second, and 60-second advertising spots. Let x denote the length
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7.35 A local television station sells 15-second, 30-second, and 60-second advertising spots. Let x denote the length of a randomly selected commercial appearing on this station, and suppose that the probability distribution of x is given by the following table:
x 15 30 60 p(x) .1 .3 .6
a. Find the average length for commercials appearing on this station.
b. If a 15-second spot sells for $500, a 30-second spot for $800, and a 60-second spot for $1000, find the average amount paid for commercials appearing on this station. (Hint: Consider a new variable, y
cost, and then find the probability distribution and mean value of y.)
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Related Book For
Introduction To Statistics And Data Analysis
ISBN: 9780840054906
4th Edition
Authors: Roxy Peck, Chris Olsen, Jay L. Devore
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