4.109 Heavy Equipment A heavy-equipment salesperson can contact either one or two customers per day with probability
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4.109 Heavy Equipment A heavy-equipment salesperson can contact either one or two customers per day with probability 1/3 and 2/3, respectively. Each contact will result in either no sale or a $50,000 sale with probability 9/10 and 1/10, respectively. What is the expected value of the daily sales?
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Related Book For 
Introduction To Probability And Statistics
ISBN: 9780176509804
3rd Edition
Authors: William Mendenhall
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