. fast please The probability that a car will be sold at a profit of $3000 is 3/20, the probability it will sell at a profit of $1500 is 7/20, the probability it will sell at no profit ($0) is 7/20, and the probability it will sell at a loss of $1500(-1500) is 3/20. The long term expected average profit per car is: Group of answer choices $1200 $750 $3000 $1000
. fast please The probability that a car will be sold at a profit of $3000 is 3/20, the probability it will sell at a profit of $1500 is 7/20, the probability it will sell at no profit ($0) is 7/20, and the probability it will sell at a loss of $1500(-1500) is 3/20. The long term expected average profit per car is: Group of answer choices $1200 $750 $3000 $1000
College Algebra (MindTap Course List)
12th Edition
ISBN:9781305652231
Author:R. David Gustafson, Jeff Hughes
Publisher:R. David Gustafson, Jeff Hughes
Chapter8: Sequences, Series, And Probability
Section8.7: Probability
Problem 25E
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8. fast please
The probability that a car will be sold at a profit of $3000 is 3/20, the probability it will sell at a profit of $1500 is 7/20, the probability it will sell at no profit ($0) is 7/20, and the probability it will sell at a loss of $1500(-1500) is 3/20. The long term expected average profit per car is:
Group of answer choices
$1200
$750
$3000
$1000
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