Sorry for the wordy problem.. just not sure if i have done this correctly;
A straight wooden plank of length 2 m has been purchased for $34. This plank is about to be sawed into two at a point chosen randomly along it. Each of the two resulting short planks will then be sawed lengthwise into twelve identical sticks. Next, two perfectly cubic frames will be constructed from the twenty four sticks. Then both frames will be made into huge dice by covering them, each on all six sides, with a type of red plastic sheet which costs $42 per square metre. Next, each die will be filled with a bouncy rubber material which costs $66 per cubic metre. Finally, the
usual number of dots will be put onto the dice. For each die whose total surface area is at least 5400 square centimetres, the dots will be made of gold at a cost of $15 each; for each die smaller than this, the dots will be painted on with black paint at negligible cost.
For how many dollars should the two dice be sold (in advance) so that the expected profit is $700?
So letting the length from the end of the plank to the cut being to form the first dice, and from the cut to the other end for the second dice, so x is uniformally distributed along the plank, and
So surface areas and volumes of the boxes are
And for the dots, we know that if then we need to buy the expensive dots, so if the first box will have a surface area that requires us to buy the dots, and if the second box will also require dots.. So the expected cost of the dots is
And the expected cost of the dice is
So since we want ; The Price should be set to
Thanks for any help