You run a small coffee shop that offers five different sizes of coffee cups: small, medium, large, extra-large, and jumbo. You estimate that the probability distribution of the sizes of the cups sold is a follows:
You run a small coffee shop that offers five different sizes of coffee cups: small, medium, large, extra-large, and jumbo. You estimate that the probability distribution of the sizes of the cups sold is a follows:
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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6. Solve all plants please

Transcribed Image Text:6. You run a small coffee shop that offers five different sizes of coffee cups: small, medium, large,
extra-large, and jumbo. You estimate that the probability distribution of the sizes of the cups sold is as
follows:
Cup Size
Small (8 oz)
Medium (12 oz)
Large (16 oz)
Extra-large (20 oz)
Jumbo (24 oz)
Profit per Cup
$1.50
$2.00
$2.50
$3.00
$3.50
Probability
0.2
0.3
0.3
0.1
1) What is the probability of selling a Jumbo size cup of coffee?
2) What is the expected profit from selling a cup of coffee?
3) What is the variance of the profit from selling a cup of coffee?
4) What is the standard deviation of the profit from selling a cup of coffee?
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