Posted by **Stephanie** on Sunday, October 16, 2011 at 3:29pm.

rent-4-wheels makes a profit of $12 per day for each car rented, and loses $4 per day for each car that is not rented. How many cars should the company have on hand to maximize profit, subject to the following probability distribution:

anticipated number of rental requests

12 11 10 9 8 7 6

Probability

.09 .011 .22 .24 .12 .12 .10

This is what I did and I;m not sure if it's correct.

(12)(.09)+(4)(.91)=4.72

(11)(.11)+(4)(.89)=4.77

ect. i got that company should have ten cars to maximize profit

## Answer This Question

## Related Questions

- math - ent-4-wheels makes a profit of $12 per day for each car rented, and loses...
- FInite Math - A car rental agency has rental and return facilities at both ...
- Calculus - A car rental agency rents 180 cars per day at a rate of 32 dollars ...
- programming - This pseudocode should detrmine the rental fees for cars // ...
- Computer programming - I am trying to write a program in C that would be used ...
- computer science - ...
- computer science - ...
- College Algebra - 'rental miles: it cost 27.95 per day plus 0.15 per mile to ...
- Math - A car rental agency charges $35 per day to rent a car and $...
- Math - A car rental agency charges $35 per day to rent a car and $...

More Related Questions