9. Suppose that a grocery store purchases 5 cartons of skim milk at the wholesale price of $1.20 per carton and retails the milk at $1.65 per carton. After the expiration date, the unsold milk is removed from the shelf and the grocer receives a credit from the distributor equal to three-fourths of the wholesale price. If the probability distribution of the random variable X, the number of cartons that are sold from this lot, is find the expected profit. X f(x) 0 1 2 3 4 5 * * * * * * T 2 2 3 4 3 15 15 15 15 15 15

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9. Suppose that a grocery store purchases 5 cartons of skim milk at the wholesale price of $1.20 per
carton and retails the milk at $1.65 per carton. After the expiration date, the unsold milk is removed from
the shelf and the grocer receives a credit from the distributor equal to three-fourths of the wholesale price.
If the probability distribution of the random variable X, the number of cartons that are sold from this lot,
is
find the expected profit.
X
f(x)
0
1
15
1
2
15
226
15
335
15
4
4 15
535
15
Transcribed Image Text:9. Suppose that a grocery store purchases 5 cartons of skim milk at the wholesale price of $1.20 per carton and retails the milk at $1.65 per carton. After the expiration date, the unsold milk is removed from the shelf and the grocer receives a credit from the distributor equal to three-fourths of the wholesale price. If the probability distribution of the random variable X, the number of cartons that are sold from this lot, is find the expected profit. X f(x) 0 1 15 1 2 15 226 15 335 15 4 4 15 535 15
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