A local bakery has determined a probability distribution for the number of cheesecakes it sells in a given day. The distribution is as follows:Number sold in a day101520Prob (Number sold)0.180.100.120.110.49Find the number of cheesecakes that this local bakery expects to sell in a day.O A. 13.15О В. 13.33ОС. 20O D. 10

Formula for Expected value : E(X) = ∑xP(x)

Answered: A local bakery has determined a…

MATLAB: An Introduction with Applications

6th Edition

ISBN:9781119256830

Author:Amos Gilat

Publisher:Amos Gilat

Chapter1: Starting With Matlab

Section: Chapter Questions

Problem 1P

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An insurance company will insure a $75,000 automobile for its full value against theft by apolicy with a premium of $1,500 per year. Suppose that the probability that the automobile willbe stolen is 0.0075.a. Construct the probability distribution.b. Calculate the insurance company's expected net profit for this policy.
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