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Unformatted text preview: UF-ESI-6321UF-ESI-6321-02-17.xmcdpage 1 of 32.17In a particular town there are two automobile rental agencies that offer different prices for aweekend out-of-state automobile rental. An automobile rental at Express Car Rentals (ECR) costs$195 and includes free unlimited mileage.RentalECR195:=MileageECRmiles'():=An automobile rental at Discount Rentals Agency (DRA) costs $130 plus a mileage charge; the first300 miles are free and each additional mile costs $0.20 per mile.RentalDRA130:=MileageDRAmiles'()if miles'300>0.20miles'300-()⋅, , :=A market survey indicates that the miles driven by rent-a-car customers for weekend rentals obeysthe probability distribution shown in Table 2.31.i1 8..:=milesi100i1+()⋅:=pi0.070.190.230.140.070.130.090.08:=200.00600.001000.000.0500.1000.1500.2000.250pmilesLuther Setzer1 NASA Pkwy E Stop NEM3, Kennedy Space Center, FL 32899(321) 544-7435UF-ESI-6321UF-ESI-6321-02-17.xmcdpage 2 of 3(a) Last weekend, Ann rented a car from ECR and Bill rented a car from DRA. They were charged(a) Last weekend, Ann rented a car from ECR and Bill rented a car from DRA....
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This note was uploaded on 05/12/2010 for the course ESI 6321 taught by Professor Josephgeunes during the Spring '07 term at University of Florida.
- Spring '07