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. y p(x,y) 0 1 2 x 0.025 0.015 0.01 1 0.050 0.030 0.020 2 0.120 0.075 0.050 3 0.150 0.090 0.060 4 0.100 0.060 0.040 5 0.050 0.030 0.025 (a) 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. y p(x,y) 0 1 2 x 0.025 0.015 0.01 1 0.050 0.030 0.020 2 0.120 0.075 0.050 3 0.150 0.090 0.060 4 0.100 0.060 0.040 5 0.050 0.030 0.025 (a) 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
Section: Chapter Questions
Problem 1P
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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.
| y | ||||
| p(x,y) | 0 | 1 | 2 | |
| x | 0.025 | 0.015 | 0.01 | |
| 1 | 0.050 | 0.030 | 0.020 | |
| 2 | 0.120 | 0.075 | 0.050 | |
| 3 | 0.150 | 0.090 | 0.060 | |
| 4 | 0.100 | 0.060 | 0.040 | |
| 5 | 0.050 | 0.030 | 0.025 |
(a) Compute the expected revenue from a single trip. (Round your answer to two decimal places.)
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