The number of sodas a vendor sells daily has the probability distribution represented in the table. Number of Sodas, x 0 5 10 15 20 25 P(x) 0.01 0.15 0.25 0.3 0.25 0.04 If each soda sells for $2.50, what is the expected daily total dollar amount taken in by the vendor from the sale of sodas?

The number of sodas a vendor sells daily has the probability distribution represented in the table. Number of Sodas, x 0 5 10 15 20 25 P(x) 0.01 0.15 0.25 0.3 0.25 0.04 If each soda sells for $2.50, what is the expected daily total dollar amount taken in by the vendor from the sale of sodas?

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 number of sodas a vendor sells daily has the probability distribution represented in the table.

Number of Sodas, x	0	5	10	15	20	25
P(x)	0.01	0.15	0.25	0.3	0.25	0.04

If each soda sells for $2.50, what is the expected daily total dollar amount taken in by the vendor from the sale of sodas?

$2.50

$34.38

$13.75

$31.25

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