A Local Computer Store Is Running a Sale on the First

question 14

Essay

A local computer store is running a sale on the first 99 flat panel monitors sold. There is an equally likely chance of 0-99 units being sold. Each monitor cost $250, and profit is $10 per monitor sold. That is, profit equals -$250 + $10X, where X = the number of monitors sold. The mean amount you would expect to sell is 49.5 units.
(a) Calculate the expected profit.
(b) Simulate the sale of 10 items, using the following double digit random numbers: 47, 77, 98, 11, 02, 18, 31, 20, 32, 90.
(c) Calculate the average profit in (b) above, and compare with the results of (a) above.

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Definitions:

Dermis

The layer of skin beneath the epidermis, containing nerve endings, sweat glands, and blood vessels, providing strength and elasticity.

Subcutaneous Tissue

The layer of tissue directly under the skin, consisting of loose connective tissue and fat, providing insulation and energy storage.

Subcutaneous Layer

The innermost layer of the skin, consisting of fat and connective tissues, that provides insulation and cushioning to the body.

Stratum Corneum

The outermost layer of the epidermis, consisting of dead cells that provide a barrier to infection and reduce water loss.