Find average cost of sofa-advertised sofa is of given value

Reference no: EM13145936

A furniture store is having a sale on sofas and you're going to buy one. The advertisers know that buyers get to the store and that 1 out of 4 buyers change to a more expensive sofa than the one in the sale advertisement. Let X be the cost of the sofa. What is the average cost of a sofa if the advertised sofa is $250 and the more expensive sofa is $ 375?

Reference no: EM13145936

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