Mathematics, 30.03.2021 20:10 smkw04p3ao0n
A retail ice cream salesman divides his working days into 'sunny', 'medium', and 'cold'. He estimates that the probability of it being sunny is 0.2, and cold 0.3. If his gross sales on these three types of day are $50, $35, and $10 respectively on average and his average daily costs are $18 on any day.
Required:
a. Complete the probability distribution.
b. Find his expected profit per day.
Answers: 1
Other questions on the subject: Mathematics
Mathematics, 21.06.2019 20:00, Chen5968
The distribution of the amount of money spent by students for textbooks in a semester is approximately normal in shape with a mean of $235 and a standard deviation of $20. according to the standard deviation rule, how much did almost all (99.7%) of the students spend on textbooks in a semester?
Answers: 2
Mathematics, 21.06.2019 22:30, 1930isainunez
How can constraints be used to model a real-world situation?
Answers: 1
You know the right answer?
A retail ice cream salesman divides his working days into 'sunny', 'medium', and 'cold'. He estimate...
Questions in other subjects:
Social Studies, 12.10.2020 23:01
Business, 12.10.2020 23:01
