Round your answers to 4 decimal digits. An author has written a book and submitted it to a publisher. The publisher offers to print the book and gives the author the choice between a flat payment of $10,000 and a royalty plan. Under the royalty plan, the author would receive $1 for each copy of the book sold. The author thinks that the following table gives the probability distribution of the variable x = the number of books that will be sold: x 1000 5000 10,000 20,000 p(x) .05 .30 .40 .25
Round your answers to 4 decimal digits. An author has written a book and submitted it to a publisher. The publisher offers to print the book and gives the author the choice between a flat payment of $10,000 and a royalty plan. Under the royalty plan, the author would receive $1 for each copy of the book sold. The author thinks that the following table gives the probability distribution of the variable x = the number of books that will be sold: x 1000 5000 10,000 20,000 p(x) .05 .30 .40 .25
Chapter8: Sequences, Series,and Probability
Section: Chapter Questions
Problem 41CT: On a game show, a contestant is given the digits 3, 4, and 5 to arrange in the proper order to form...
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Round your answers to 4 decimal digits. An author has written a book and submitted it to a publisher. The publisher
offers to print the book and gives the author the choice between a flat
payment of $10,000 and a royalty plan. Under the royalty plan, the author
would receive $1 for each copy of the book sold. The author thinks that the
following table gives the probability distribution of the variable x = the
number of books that will be sold:
x 1000 5000 10,000 20,000
p(x) .05 .30 .40 .25
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