Find the mean and variance of the amount of money


The number of customers entering a store on a given day is Poisson distribution with mean lambda =10. The amount of money spent by a customer is uniformally distributed over (0, 100). Find the mean and variance of the amount of money that the store takes in on a given day.

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Basic Statistics: Find the mean and variance of the amount of money
Reference No:- TGS0715316

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