Fast Service Store has maintained daily sales records on the various size “Cool Drink” sales. These
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 |
a. Set up a probability distribution for “Cool Drink” sales.
b. What is the expected value of this probability distribution?
Price: $2.99
Answer: The solution file consists of 2 pages
Deliverables: Word Document
Deliverables: Word Document
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