Jim decides to start a small nonprofit business of renting out motor scooters to help out his area residents. He puts in his own
money and buys 5 motor scooters, each priced at $3,000. He incurs no other costs because he keeps the motor scooters in his own garage. The motor scooters last for 5 years. The number of motor scooters and the probability that they would be rented per month is shown in the table. Number of Scooters 0 1 2 3 4 5
Probability 1/32 5/32 10/32 10/32 5/32 1/32
At what price per month should Jim rent out a scooter in order to break even?