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(Step-by-Step) Fast Service Store has maintained daily sales records on the various size "Cool Drink" sales. These are shown in the following table: "Cool

Question: Fast Service Store has maintained daily sales records on the various size "Cool Drink" sales. These are shown in the following table:

"Cool Drink" Price Number Sold
$0.25 75
$0.35 120
$0.50 125
$0.75 50
  1. Set up a probability distribution for "Cool Drink" sales.
  2. What is the expected value of this probability distribution?

Price: $2.99
Solution: The downloadable solution consists of 2 pages
Deliverable: Word Document


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