Amy decided to choose the lease option that will minimize her total 36-month cost. the difficulty is that amy is not sure how many miles she will drive over the next three years. for purposes of this decision, she believes it is reasonable to assume that she will drive 12,000 miles per year, 15,000 miles per year, or 18,000 miles per year. with this assumption amy estimated her total costs for the three lease options. actual miles driven annually dealer 12,000 15,000 18,000 hepburn honda $10,764 $12,114 $13,464 midtown motors $11,160 $11,160 $12,960 hopkins automotive $11,700 $11,700 $11,700 suppose that the probabilities that amy drives 12,000, 15,000, and 18,000 miles per year are 0.5, 0.3, and 0.2, respectively. determine the expected cost for each dealer. enter the lowest expected cost rounded to the nearest dollar without a dollar sign.
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