The owner of a newspaper stand receives 50 copies of Al Ahram newspaper every morning. The number
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The owner of a newspaper stand receives 50 copies of Al Ahram newspaper every morning. The number of copies sold, x, varies randomly according to the following probability distribution:
(a) Determine the probability that the owner will sell out completely.
(b) Determine the expected number of unsold copies per day.
(c) A single copy costs 50 cents and sells for $1.00. Unsold copies have no value. Determine the expected net income per day.
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