A record club has found that the marginal profit, P'(X), in "(x) = - 0.0007x + 0.15x Q + 53.8x 12,000 cents, is given by P'(x) = - 0.0007x + 0.15x² + 53.8x for xs 300, where x is the number of members currently enrolled in the club. Approximate the total profit when 180 members are enrolled by computing the sum 0,600- 7.200- 4,800- ΣΡ) Δx ith Δx= 30 2,400- I V vvI 100 Number of members 200 300 The total profit when 180 members are enrolled is approximately (Round to the nearest cent as needed.) Marginal profit (in cents)
Continuous Probability Distributions
Probability distributions are of two types, which are continuous probability distributions and discrete probability distributions. A continuous probability distribution contains an infinite number of values. For example, if time is infinite: you could count from 0 to a trillion seconds, billion seconds, so on indefinitely. A discrete probability distribution consists of only a countable set of possible values.
Normal Distribution
Suppose we had to design a bathroom weighing scale, how would we decide what should be the range of the weighing machine? Would we take the highest recorded human weight in history and use that as the upper limit for our weighing scale? This may not be a great idea as the sensitivity of the scale would get reduced if the range is too large. At the same time, if we keep the upper limit too low, it may not be usable for a large percentage of the population!
Find The total profit when
members are enrolled is approximately
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