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A bookstore rents books to students for $2 per book. The cost of running the bookstore is $300 per hour. The numbers of books and the probabilities that the bookstore would rent them in an hour mimics the distribution of the outcomes of flipping four coins. The probability of renting a number of books was observed to be the same as the number of heads that appear in a four-coin flip. This distribution is represented in the table. Students usually rent four books a week during exams. The store manager decides to charge a weekly fee of $6 for renting an unlimited number of books. This is a decision (fair or unfair) for the students as they will pay (more than,the same as, less than) they would pay to rent four books.
Books Rented Probability
0 1/16
1 4/16
2 6/16
3 4/16
4 1/16

Respuesta :

jingle535
This question seems to have way too much information and be more confusing then it needs to be. When it comes down to it the only important information is that

>The store manager decides to charge a weekly fee of $6
>Books to students for $2 per book

And the question is
>This is a decision (fair or unfair) for the students as they will pay (more than,the same as, less than) they would pay to rent four books.

Answer:
(I think) the decision is fair for the students as they will pay less than they would pay to rent four books.

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