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 0.025 0.015 0.010 1 0.050 0.030 0.020 2 0.110 0.075 0.050 3 0.150 0.090 0.060 4 0.100 0.060 0.040 5 0.050 0.030 0.035 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 0.025 0.015 0.010 1 0.050 0.030 0.020 2 0.110 0.075 0.050 3 0.150 0.090 0.060 4 0.100 0.060 0.040 5 0.050 0.030 0.035 Compute the expected revenue from a single trip. (Round your answer to two decimal places.)

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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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) 0.025 0.015 0.010 0.050 0.030 0.020 2 0.060 0.075 0.050 0.150 0.090 0.060 4 0.100 0.060 0.040 0.050 0.030 0.085 Compute the expected revenue from a single trip. (Round your answer to two decimal places.) $ Need Help? Read It
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