Question
A company produces bags of cypress mulch. The weight in pounds per bag varies as indicated in the following table. Weight In Pounds 44 45
A company produces bags of cypress mulch. The weight in pounds per bag varies as indicated in the following table.
Weight In Pounds | 44 | 45 | 46 | 47 | 48 | 49 | 50 |
P (x) | 0.04 | 0.13 | 0.21 | 0.29 | 0.2 | 0.1 | 0.03 |
a. Calculate the CDF ().
b. What is the probability that a randomly chosen bag will contain more than 45 (> 45) and less than 49 (< 49) pounds of mulch?
c. Compute the expectation of the weight.
d. The cost of producing a bag of mulch is 20 + 4 cents, where is the number of pounds per bag. The revenue from selling a bag, regardless of weight, is 2.50 dollars. If = , find the expected profit per bag in dollars using your results from c.
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