Recent content by Forumite

Ah, I see. So for November, E(X) = (74,506*50)*30/365 and for February, assuming it's not a leap year, it would be E(X) = (74,506*50)*28/365 Thanks for the help.

Going by the same approach, it would be the same answer. Did you have something else in mind?

1. A city has 74,806 registered automobiles. Each is required to display a bumper decal showing that the owner paid an annual wheel tax of $50. By law, new decals needed to be purchased during the month of the owner’s birthday. How much wheel tax revenue can the city expect to receive in...