Daily sales records for a computer manufacturing firm show that it will sell 0,1, 2, or 3 mainframe computer systems with the following probabilities. 1 2 3 p(x) 0.6 0.15 0.15 0.10 Find the expected value for daily sales. Select one: Оа 0.75 O b. 1.05 O c. 0.95 O d. 0.85

College Algebra
7th Edition
ISBN:9781305115545
Author:James Stewart, Lothar Redlin, Saleem Watson
Publisher:James Stewart, Lothar Redlin, Saleem Watson
Chapter9: Counting And Probability
Section9.4: Expected Value
Problem 1E: If a game gives payoffs of $10 and $100 with probabilities 0.9 and 0.1, respectively, then the...
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Daily sales records for a computer manufacturing firm show that it will sell
0,1, 2, or 3 mainframe computer systems with the following probabilities.
1
2 3
p(x)
0.6
0.15
0.15 0.10
Find the expected value for daily sales.
Select one:
O a. 0.75
O b. 1.05
O c. 0.95
O d. 0.85
Transcribed Image Text:Daily sales records for a computer manufacturing firm show that it will sell 0,1, 2, or 3 mainframe computer systems with the following probabilities. 1 2 3 p(x) 0.6 0.15 0.15 0.10 Find the expected value for daily sales. Select one: O a. 0.75 O b. 1.05 O c. 0.95 O d. 0.85
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