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Question: A trucking company operates in three regions of the country. The table below depicts the probability that each company truck is in the region and the fuel prices per gallon. What amount should the company budget on average for a gallon of fuel across its operations? Round your answer to the nearest cent.
Answer:
A. $3.53
B. $3.55
C. $3.68
D. $3.70
The amount that the company should put on average for a gallon across the operations is $ 3.70. This option D is correct.
What does the trucking operations of the company?
The company of trucks runs operations in several countries as per the table each region has distinct scores of probability and as the company that is farthest from the market has more wages as compared to that is the nearest
The percentage is 100 and probability counts as compared to one. Thus 50% is 0.50. If assuming X is the cost of fuel then using the formula we get.
[tex]Mean = E (X) = f(xi) xi[/tex]
E(X) = 3.10 x 0.2 +3.5 x 0.3 +4.05 x 0.5 = 3.69 that is 3.70 dollars.
Find out more information about the company operates.
brainly.com/question/26676604.
The complete question is :
A trucking company operates in three regions of the country. The table below depicts the probability that each company truck is in the region and the fuel prices per gallon. What amount should the company budget on average for a gallon of fuel across its operations? Round your answer to the nearest cent.
A. $3.53
B. $3.55
C. $3.68
D. $3.70
