document.write( "Question 952564: You are planning to buy a franchise from Fancy Fried Food. The table below shows average weekly profits, rounded to the nearest hundred, for a number of the current franchises. If you buy a franchise, what would your expected weekly profit be? round to the nearest whole dollar.\r
\n" ); document.write( "\n" ); document.write( "Average Weekly Profit Number Who Earned This
\n" ); document.write( "$100 13
\n" ); document.write( "$200 15
\n" ); document.write( "$300 23
\n" ); document.write( "$400 9
\n" ); document.write( "$500 10
\n" ); document.write( "$600 22
\n" ); document.write( "

Algebra.Com's Answer #581753 by stanbon(75887)\"\" \"About 
You can put this solution on YOUR website!
You are planning to buy a franchise from Fancy Fried Food. The table below shows average weekly profits, rounded to the nearest hundred, for a number of the current franchises. If you buy a franchise, what would your expected weekly profit be? round to the nearest whole dollar.
\n" ); document.write( " Average Weekly Profit Number Who Earned This
\n" ); document.write( " $100 13
\n" ); document.write( " $200 15
\n" ); document.write( " $300 23
\n" ); document.write( " $400 9
\n" ); document.write( " $500 10
\n" ); document.write( " $600 22
\n" ); document.write( "------
\n" ); document.write( "Find the relative frequency for each # of franchises::
\n" ); document.write( "Example:: Relative freq for 13 = 13/92 = 0.1585
\n" ); document.write( "----
\n" ); document.write( "Multiply each relative freq by the corresponding dollar figure
\n" ); document.write( "Ex:: 0.1585 * 100 = 15.85
\n" ); document.write( "-----
\n" ); document.write( "Find the sum of the products to get the expected product::
\n" ); document.write( "E(x) = (13*100 + 15*200 + 23*300 + 9*400 + 10*500 + 22*600)/92
\n" ); document.write( "---------------
\n" ); document.write( "Cheers,
\n" ); document.write( "Stan H.
\n" ); document.write( "
\n" ); document.write( "
\n" );