A lab orders 100 rats a week for each of the 52 weeks in the year for experiments that the lab conducts. Prices for 100 rats follow the provided distribution. How much should the lab budget for next​ year's rat orders​ be, assuming this distribution does not​ change?

Question

Price
​$10.00 with 0.35 probability
​$12.50 with 0.40 probability
​$15.00 with 0.25 probability

Answer 1

option 3

Answer 2

520