Consider a small ferry that can accommodate cars and buses. The toll for cars is $3, and the toll for buses is $10. Let X and Y denote the number of cars and buses, respectively, carried on a single trip. Suppose the joint distribution of X and Y is as given in the table below. p(x,y) 0 1 2 3 4 5 0.025 0.015 0.010 0.050 0.030 0.020 0.105 0.075 0.050 0.150 0.090 0.060 0.100 0.060 0.040 0.050 0.030 0.040 Compute the expected revenue from a single trip. (Round your answer to two decimal places.)
Consider a small ferry that can accommodate cars and buses. The toll for cars is $3, and the toll for buses is $10. Let X and Y denote the number of cars and buses, respectively, carried on a single trip. Suppose the joint distribution of X and Y is as given in the table below. p(x,y) 0 1 2 3 4 5 0.025 0.015 0.010 0.050 0.030 0.020 0.105 0.075 0.050 0.150 0.090 0.060 0.100 0.060 0.040 0.050 0.030 0.040 Compute the expected revenue from a single trip. (Round your answer to two decimal places.)
MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
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
Transcribed Image Text:Consider a small ferry that can accommodate cars and buses. The toll for
cars is $3, and the toll for buses is $10. Let X and Y denote the number of
cars and buses, respectively, carried on a single trip. Suppose the joint
distribution of X and Y is as given in the table below.
p(x,y)
0
1
2
3
4
5
0
0.025
0.050
0.105
0.150
1
0.015
0.030
0.075
0.090
Talk to a
0.100 0.060 0.040
0.050 0.030 0.040
Compute the expected revenue from a single trip. (Round your answer to
two decimal places.)
$15.69 x
Need Help? Read It
2
0.010
0.020
0.050
0.060
to a Tutor
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