# Answer on Statistics and Probability Question for winston

Question #2769

The waiting time in hours, W, of cars sent to a workshop is random with the following distribution f(w)=0.5e^-0.5w w>0. The profit, P, that the workshop makes is the following function of W:P=cN-8W where c is a constant and N is the number of cars waiting in the workshop. If there are 10 cars waiting, for what value of c will the expected profit be (i) positive (ii) More than $54.00?

Expert's answer

Unfortunately, your question requires a lot of work and cannot be done for free. Submit it with all requirements as an assignment to our control panel and we'll assist you.

Need a fast expert's response?

Submit orderand get a quick answer at the best price

for any assignment or question with DETAILED EXPLANATIONS!

## Comments

## Leave a comment