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It hinges on the "expect" in how "much do you expect to pay?". You can think of it like "expected value", where you're doing a comparison. Those meals are $8 e
by travisjungroth 4y ago
It hinges on the "expect" in how "much do you expect to pay?".
You can think of it like "expected value", where you're doing a comparison. Those meals are $8 each. If someone says they'll give you $80 for a set, this would be a profitable endeavor. On average, you'd expect to spend $66.67 (8.33*8) to get a collection.
If you think of it like "setting expectations", it's not so good. If a mafia boss told you he was expecting you to get all four toys for his daughter, you're not going to place an order for nine meals and walk in there with 71% confidence. I might show up with 59 of them, which is the p99.9999 value.