Suppose that a manufacturing process is such that the probability of a card being correctly populated with microchips is 0.85. For each correctly populated card that a retailer buys from the manufacturer, the retailer makes a profit of 50 rand while for each incorrectly populated card, the retailer makes a loss of 30 rand. Miss Kekana is a retailer and she has decided to buy 22 cards from the manufacturer? The mean of the amount of money that Miss Kekana will make is

Suppose that a manufacturing process is such that the probability of a card being correctly populated with microchips is 0.85. For each correctly populated card that a retailer buys from the manufacturer, the retailer makes a profit of 50 rand while for each incorrectly populated card, the retailer makes a loss of 30 rand. Miss Kekana is a retailer and she has decided to buy 22 cards from the manufacturer? The mean of the amount of money that Miss Kekana will make is

College Algebra

10th Edition

ISBN:9781337282291

Author:Ron Larson

Publisher:Ron Larson

Chapter8: Sequences, Series,and Probability

Section8.7: Probability

Problem 4ECP: Show that the probability of drawing a club at random from a standard deck of 52 playing cards is...

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