The probability distribution for the daily sales at Michael's Co. is given below.
Daily Sales
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Mathematics, 07.03.2021 18:10 Scoopaloop
The probability distribution for the daily sales at Michael's Co. is given below.
Daily Sales
(In $1,000s) Probability
40 x
50 0.4
60 y
70 0.2
If the expected value is $56,000 solve for x and y.
Answers: 1
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