*3. The owner of a newspaper stand receives 50 copies of Ai Ahram newspaper every morning. ll1e...
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*3. The owner of a newspaper stand receives 50 copies of Ai Ahram newspaper every morning.
ll1e number of copies sold daily, X, varies randomly according to the following probability distribution:
{
-ls, x = 35, 36, , 49 p(x) = f'x: 50,51, ,59 33'X - 60,61, ,70
(a) Determine the probability that the owner will sell out completely.
(b) Determine the expected number of unsold copies per day.
(c) If the owner pays 50 cents a copy and sells it for $1.00. Determine the owner's expected net income per day.
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