Statistics: Informed Decisions Using Data (4th Edition)

Published by Pearson
ISBN 10: 0321757270
ISBN 13: 978-0-32175-727-2

Chapter 6 - Review - Case Study - The Voyage of the St. Andrew - Page 359: 3

Answer

The average cost is $5075.

Work Step by Step

From the provided data of the number of freights, the expected number of freights is computed below. Hence, the mean number of freights is calculated as \[\begin{align} & E\left( x \right)=\sum{x\times p\left( x \right)} \\ & =2.5375 \end{align}\] The fare of an adult is $\$2000$, so the mean cost is $\$5075$.
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