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 ona single trip. Suppose the joint distribution of X and Y is as given in the table below.у120.0100.0150.0300.0200.0750.0500,0900.0600.0600.0400.0300.095Compute the expected revenue from a single trip. (Round your answer to two decimal places.)$17.47xp(x,y)X012345Need Help? BedRoad t00.0250.0500.0500.1500.1000.050

A joint probability distribution is a way to describe the probability of different combinations of…

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 0.025 0.015 0.050 0.030 0.050 0.075 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.) $17.47 x x 0 1 2 3 4 у 1 5 2 0.010 0.020 0.050

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 0.025 0.015 0.050 0.030 0.050 0.075 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.) $17.47 x x 0 1 2 3 4 у 1 5 2 0.010 0.020 0.050

MATLAB: An Introduction with Applications

6th Edition

ISBN:9781119256830

Author:Amos Gilat

Publisher:Amos Gilat

Chapter1: Starting With Matlab

Section: Chapter Questions

Problem 1P

See similar textbooks

Similar questions

Q.10
The data represents the daily rainfall (in inches) for one month. Construct a frequency distribution beginning with a lower class limit of 0.00 and use a class width of 0.20. Does the frequency distribution appear to be roughly a normal distribution?

Recommended textbooks for you

MATLAB: An Introduction with Applications

Statistics

ISBN:

9781119256830

Author:

Amos Gilat

Publisher:

John Wiley & Sons Inc