The profits of a City Center in Thousand R.0 per day has the following probability distribution: Profits in Thousand R.O 10 12 14 18 20 22 Probability 12 a R 18 a R 24 a R a R 28 a R 17 a R а. Find the unknown a. R=31 b. Find the expected value of the daily profits in R.O. C. Find E(Rx-5).

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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The profits of a City Center in Thousand R.O per day has the following probability distribution:
Profits in Thousand R.O 10
12
14
18
20
22
Probability
12 a R
18 a R
24 a R
a R
28 a R
17 aR
Find the unknown a.
R=31
а.
b.
Find the expected value of the daily profits in R.O.
Find E(Rx-5).
С.
d.
Find V(Rx-3).
Transcribed Image Text:The profits of a City Center in Thousand R.O per day has the following probability distribution: Profits in Thousand R.O 10 12 14 18 20 22 Probability 12 a R 18 a R 24 a R a R 28 a R 17 aR Find the unknown a. R=31 а. b. Find the expected value of the daily profits in R.O. Find E(Rx-5). С. d. Find V(Rx-3).
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