Profit = m(x) = 500x^2
Where x is a random number with probability frequency of:
f(x) = 2(1-x) 0 < x < 1
Compute the mean profit:
The answer is $83.33, but I am unclear about how to arrive at that answer.© BrainMass Inc. brainmass.com March 21, 2019, 9:24 pm ad1c9bdddf
This solution helps compute mean profit and probability.