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 2 0.025 0.015 0.010 0.050 0.030 0.020 0.050 0.075 0.050 0.150 0.090 0.060 0.100 0.060 0.040 0.050 0.030 0.095 Compute the expected revenue from a single trip. (Round your answer to two decimal places.) $ X y 1 0 1 2 3 4 5
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 2 0.025 0.015 0.010 0.050 0.030 0.020 0.050 0.075 0.050 0.150 0.090 0.060 0.100 0.060 0.040 0.050 0.030 0.095 Compute the expected revenue from a single trip. (Round your answer to two decimal places.) $ X y 1 0 1 2 3 4 5
A First Course in Probability (10th Edition)
10th Edition
ISBN:9780134753119
Author:Sheldon Ross
Publisher:Sheldon Ross
Chapter1: Combinatorial Analysis
Section: Chapter Questions
Problem 1.1P: a. How many different 7-place license plates are possible if the first 2 places are for letters and...
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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.
y
0
1
0.025
0.015
0.050
0.030
0.050
0.075
0.150
0.090
0.100
0.060
0.050
0.030
0.095
Compute the expected revenue from a single trip. (Round your answer to two decimal places.)
LtA
p(x,y)
X
0
1
2
3
4
5
2
0.010
0.020
0.050
0.060
0.040
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