If a dealer's profit, in units of $5000, on a new automobile can be looked upon as a random variable X having the density function below, find the average profit per automobile. 2 (6-x), 0

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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If a dealer's profit, in units of $5000, on a new automobile can be looked upon as a random variable X having the
density function below, find the average profit per automobile.
2
(6-x), 0<x<1,
f(x) =
0,
elsewhere
The average profit per automobile is $
Transcribed Image Text:If a dealer's profit, in units of $5000, on a new automobile can be looked upon as a random variable X having the density function below, find the average profit per automobile. 2 (6-x), 0<x<1, f(x) = 0, elsewhere The average profit per automobile is $
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