- What is his expected profit?

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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3. A student has decided to sell his computer piecewise. The probability that he will sell hard disk at a profit
of 3000 is 3/20, monitor at a profit of 1500 is 7/20, CD-drive at no profit is 7/20 and RAM at a loss of ? 1500
is 3/20. What is his expected profit?
Transcribed Image Text:3. A student has decided to sell his computer piecewise. The probability that he will sell hard disk at a profit of 3000 is 3/20, monitor at a profit of 1500 is 7/20, CD-drive at no profit is 7/20 and RAM at a loss of ? 1500 is 3/20. What is his expected profit?
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