.A businessman bought a car dealership that is incurring a loss of $500,000 a year. He decided to strategize in order to turn the business around. In addition to the $500,000 annual loss, his fixed cost for running the dealership on a monthly basis is $5,000. The number of cars sold per week and their probabilities mimic the outcomes of three coins being flipped. The number of cars sold in a week was observed to be the same as the number of tails that appear when three coins are flipped. See the distribution:

Number of Tails 0 1 2 3
Probability 1

8 3

8 3

8 1

8
________

Question

.A businessman bought a car dealership that is incurring a loss of $500,000 a year. He decided to strategize in order to turn the business around. In addition to the $500,000 annual loss, his fixed cost for running the dealership on a monthly basis is $5,000. The number of cars sold per week and their probabilities mimic the outcomes of three coins being flipped. The number of cars sold in a week was observed to be the same as the number of tails that appear when three coins are flipped. See the distribution:

Number of Tails 	0 	1 	2 	3
Probability 	1

8 	3

8 	3

8 	1

8
________

anonymous · Answer

Given that there are 52 weeks in a year, what is the expected revenue per car (rounded to the nearest dollar) that has to be made in order to break even in the first year?

    *
      $4,308

    *
      $7,179

    *
      $5,385

    *
      $10,769

    *
      $3,590