The probability distribution for the number of automobiles sold during a day (x) at Bob Iron Motors is as follows. xf(x)00.00110.00720.03430.09940.1885 60.22070.13680.05590.015100.001 23Suppose the gross profit per vehicle sold is $1,820. The expected value of gross profit is,a$9,656.08 b$9,560.48 c$9,465.82 d$9,372.10

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Suppose the gross profit per vehicle sold is $1,820 . The expected value of gross profit is,

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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Question

The probability distribution for the number of automobiles sold during a day (x) at Bob Iron Motors is as follows.

x	f(x)
0	0.001
1	0.007
2	0.034
3	0.099
4	0.188
5
6	0.220
7	0.136
8	0.055
9	0.015
10	0.001

23	Suppose the gross profit per vehicle sold is	$1,820	. The expected value of gross profit is,
a	$9,656.08
b	$9,560.48
c	$9,465.82
d	$9,372.10

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