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
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document.write( "Average Weekly Profit Number Who Earned This
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document.write( "$100 13
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document.write( "$200 15
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document.write( "$300 23
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document.write( "$400 9
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document.write( "$500 10
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document.write( "$600 22 \n" );
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Algebra.Com's Answer #581753 by stanbon(75887)![]() ![]() ![]() 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( " |