Question

Oscar sells a product on EBay for 100 days. The products sell for $25 on 35...

Oscar sells a product on EBay for 100 days. The products sell for $25 on 35 days, $18 on 45 days, and do not sell at all on the remaining 20 days. Based on this 100-day history, the expected price is $16.85.

Homework Answers

Answer #1

We have give that,

X1=$25 , f1 = 35 Days

X2=$ 18, f2=45 Days

X3= $ 0 ,f3= 20 Days

Thefore ,N = f1 +f2 +f3 = 100 Days

Therefore, Now expected Price will be

= = ( 25*35 + 18*45 + 0*20 ) / 100

=  1685 / 100

= $ 16.85

Proved

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Thank You !

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