1) A company makes five different parts each with a different price: $10, $20, $40 and $50. On a given day they sell the parts online. On average the probability that they sell a $10 part is 0.5, and the probability that they sell a $20 and $40 are each 0.1. These probabilities are summarized using the PMF, depicted below. Px(x) 0.5 0.1 10 20 40 50 x Not provided a) Determine the probability that they sell a $50 part. b) Sketch the CDF for the random variable X. Label key values.

1) A company makes five different parts each with a different price: $10, $20, $40 and $50. On a given day they sell the parts online. On average the probability that they sell a $10 part is 0.5, and the probability that they sell a $20 and $40 are each 0.1. These probabilities are summarized using the PMF, depicted below. Px(x) 0.5 0.1 10 20 40 50 x Not provided a) Determine the probability that they sell a $50 part. b) Sketch the CDF for the random variable X. Label key values.

College Algebra

10th Edition

ISBN:9781337282291

Author:Ron Larson

Publisher:Ron Larson

Chapter8: Sequences, Series,and Probability

Section: Chapter Questions

Problem 41CT: On a game show, a contestant is given the digits 3, 4, and 5 to arrange in the proper order to form...

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