Question

x	Prx
100	0.33159480009858
300	0.255815595142969
650	0.0919568574713459
800	0.161963816300084
850	0.141161493005315
1050	0.0149219069612958
1400	0.00258553102040934

Ordering supply of wood. Each modular unit requires 40 square-feet of wood. Standard practice involves ordering an additional 5000 square-feet per month (regardless of X) as a contingency (spare wood to compensate for mistakes in carpentry). Consider Regina Industries monthly wood order (MWO).

If the price of wood is 1.5 dollars per square-foot determine the following for the total cost of wood materials per month (label this Z).

(a) Its expected value

(b) Its standard deviation

(c) Its coefficient of variation

Answer 1

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