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Find the average number of cars sold each week

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Reference no: EM131559410

Question: EXPECTED AUTO SALES Roger Hunt intends to purchase one of two car dealerships currently for sale in a certain city. Records obtained from each of the two dealers reveal that their weekly volume of sales , with corresponding probabilities, are as follows:

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The average profit/car at Dahl Motors is $362, and the average profit/car at Farthington Auto Sales is $436.

a. Find the average number of cars sold each week at each dealership.

b. If Roger's objective is to purchase the dealership that generates the higher weekly profit, which dealership should he purchase? (Compare the expected weekly profit for each dealership.)

Reference no: EM131559410

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