Question

Revenue for each car?

http://s304.photobucket.com/user/tyronneguillory57/media/giv_zpsdbs83cgn.png.html?o=0

Answer 1

did we ever determine the problem we had last time?

Answer 2

Yes. Perl helped me out.

Answer 3

what was the resolution? just curious

Answer 4

the sum of xP(x) might help us with this one

Answer 5

I think 10,769 would be the answer. I multiplied each of them by 52.

Answer 6

0(1/8) + 1(3/8) + 2(3/8) + 3(1/8)

0 + 3/8 + 6/8 + 3/8

12/8 = 1.5; he expects to sell 1.5 cars a week

52*1.5 = 78 cars a year

so 78 cars have to amount to the total losses incured to break even right?

Answer 7

ok. wouldn't he need to make 560000 dollars for that whole year? So wouldn't 560000 divided by 52= 10769 work?

Answer 8

560 000 spread over 78 cars is how many per car?

560 000/78 spread over 1 car is how much?

Answer 9

7179

Answer 10

then if we expect to sell 78 cars in a year, each car has to bring in at least 7179 in order to cover the total costs for that year

Answer 11

ok.

Answer 12

now for extra stuff .... since we expect to sell 1.5 cars a wek, we would need to set a goal of at least making:

7179(1.5) dollars a week

Answer 13

then we get to your 10770 amount, but its not asking for that in particular is it :)

Answer 14

So I was just calculating the wrong stuff.

Answer 15

pretty much, but you were at least in the right direction with your thoughts.

Answer 16

10770 a week, would need to be divided by the expected number of cars sold to get the expected cash from each car