Probability mass function for the daily sales, Basic Statistics

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Probability mass function for the daily sales

A heavy-equipment salesperson can contact either one or two customers per day with probability of 1 and 2 , respectively. Each contact will result in either no sale or a $50,000 33 sale, with the probability of 0.9 and 0.1, respectively.

a. Find the probability mass function for the daily sales.

b. Find the mean and variance of the daily sales.

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Basic Statistics: Probability mass function for the daily sales

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Basic Statistics: Probability mass function for the daily sales

Reference No:- TGS0842540

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Recent Questions Asked Basic Statistics

Q : Determine the endurance limit for the bar

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Basic Statistics: Probability mass function for the daily sales

Reference No:- TGS0842540

Recent Questions Asked Basic Statistics

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