A Lab Orders a Shipment of 100 Frogs Each Week $$\begin{array} { l | c c c } \text { Price } & \$ 10.00 & \$ 12.50 & \$ 15.00 \\\hline \text { Probability } & 0.4 & 0.45 & 0.15\end{array}$$

question 13

Multiple Choice

A lab orders a shipment of 100 frogs each week. Prices for the weekly shipments of frogs follow the distribution below: $$\begin{array} { l | c c c } \text { Price } & \$ 10.00 & \$ 12.50 & \$ 15.00 \\\hline \text { Probability } & 0.4 & 0.45 & 0.15\end{array}$$ How much should the lab budget for next year's frog orders assuming this distribution does not change? (Hint: Find the expected price and assume 52 weeks per year.)

• A) $617.50
• B) $11.88
• C) $1188.00
• D) $3,211,000.00

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Definitions:

Strategic Objectives

Long-term goals that an organization aims to achieve to fulfill its mission and drive its vision forward.

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Essential actions performed by individuals that significantly impact outcomes in specific contexts.

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Quantifiable measures used to evaluate the success of an organization, employee, or project in meeting objectives for performance.

Critical Behaviors

Actions or practices considered crucial for achieving specific outcomes or maintaining certain standards within an organization or process.