n the table below.che computer to grade this one correctly makeat you list the profit first.x P(x)(x)ofit

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Description: n the table below.che computer to grade this one correctly makeat you list the profit first.x P(x)(x)ofit

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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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n the table below.
che computer to grade this one correctly make
at you list the profit first.
x P(x)
(x)
ofit

Expert Solution

Step 1

Given that the Zion national park t-shirts is considering a sale that promises a profit of $34000 with a probability of 0.5 or a loss of $14000 with a probability of 0.5

The probability distribution table is constructed below.

	X	P(X)	X*P(X)
Profit	34000	0.5	34000*0.5=17000
Loss	-14000	0.5	-14000*0.5=-7000

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