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  • one year ago

Jim decides to start a small nonprofit business of renting out motor scooters to help out his area residents. He puts in his own money and buys 5 motor scooters, each priced at $3,000. He incurs no other costs because he keeps the motor scooters in his own garage. The motor scooters last for 5 years. The number of motor scooters and the probability that they would be rented per month is shown in the table. At what price per month should Jim rent out a scooter in order to break even?

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  1. anonymous
    • one year ago
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    Number of Scooters 0 1 2 3 4 5 Probability 1 5 10 10 5 1 35 35 35 35 35 35

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