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View Full Version : Terribly confused-binomial distribution & profit



debsbaby
03-22-2010, 08:19 AM
Would someone kindly take a look at this problem? The link is to the book page in google books. (it is a long problem). I seem to have parts 1 and 2 figured out, but am completely stumped on part 6 and have no idea what to do though I've worked on it for hours, literally.
(I only have to do parts 1, 2, and 6).
Any help is greatly appreciated!

http://books.google.com/books?id=_wja8C5MogEC&pg=PT329&lpg=PT329&dq=case+6.1+binomdist&source=bl&ots=Egng6q2LFN&sig=hfkFI1D84zffb_l23vIPQzUC0Vk&hl=en&ei=dFylS6avBsWVtgf5yp2fCg&sa=X&oi=book_result&ct=result&resnum=6&ved=0CBwQ6AEwBQ#v=onepage&q=&f=false