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A lab orders 100 rats a week for each of the 52 weeks in the year for experiments that the lab conducts.Prices for 100 rats follow the following distribution: Price: $10.00 $12.50 $15.00
Probability: 0.35 0.40 0.25
How much should the lab budget for next year's rat orders be,assuming this distribution does not change?
Defendant
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