Refer to Exercise 5.41. Suppose the communications systems are priced at $5000, and let Y denote the

Question:

Refer to Exercise 5.41. Suppose the communications systems are priced at $5000, and let Y denote the salesman's total sales (in dollars) during a week.
(a) Give the probability of Y.
(b) Calculate E(Y) and see that it is the same as 5000 × E(X). Distribution
The word "distribution" has several meanings in the financial world, most of them pertaining to the payment of assets from a fund, account, or individual security to an investor or beneficiary. Retirement account distributions are among the most...