6. Golden Owl Brewery, a maker of fine beer,, has distribution centers all along

Question

6. Golden Owl Brewery, a maker of fine beer,, has distribution centers all along the East coast. has a fleet of 460 trucks to delicious beverages to many locations. From past information, the Chief Risk Officer for Golden Owl has constructed the following probability distribution for the number of losses per truck per month-due to robbery Golden Owl # of losses er truck per month Probabil 0.80 0.10 0.04 0.03 0.02 0.01 20 30 From past information, Golden Owl has constructed the following distribution related to dollar amount of losses when r y losses do occur S amount of losses Probability of dollar loss 100 0.90

Explanation / Answer

Expectation = 2.2

expectation = 228

loss per truck per month(x) prob x*prob 1 0.8 0.8 2 0.1 0.2 5 0.04 0.2 10 0.03 0.3 20 0.02 0.4 30 0.01 0.3 Total 1 2.2

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