3. The weekly number of luxury and compact cars sold by Honest Abe Smith at the Auto...
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3. The weekly number of luxury and compact cars sold by "Honest" Abe Smith at the Auto Mart, a local car dealership, can be represented as the outcome of a bivariate random variable (X, Y) with the nonzero values of its joint probability density function given by y
0 2 3 4 0 .20 .15 .075 .05 .03 X .10 .075 .04 .03 .02 2 .05 .03 .02 .01 .01 3 .04 .03 .02 .01 .01 Al receives a base salary of $100/week from the dealership, and also receives a commission of $100 for every compact car sold and $200 for every luxury car sold.
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Mathematical Statistics For Economics And Business
ISBN: 9780387945873
1st Edition
Authors: Ron C. Mittelhammer
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