Homework SourseA local car rental agency charted daily demand as shown in t
A local car rental agency charted daily demand as shown in the following table:
Find the expected number of users
| Number of customers | 8 | 10 | 12 | 14 | 16 |
| Probability | 0.3 | 0.2 | 0.3 | 0.1 | 0.1 |
Solution
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A local car rental agency charted daily demand as shown in the following table:
Find the expected number of customers. Show work
Answer
Expected number of customers = Summation of ( Number of Customers* Probability)
= (6*0.15 + 8*0.20 + 10*0.25 + 12*0.30 + 14*.10)
= 10
| Number of customers | 6 | 8 | 10 | 12 | 14 |
| Probability | 0.15 | 0.20 | 0.25 | 0.30 | 0.10 |
