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A newspaper vendor notes that his profit for the day is more than $100 with a probability of 0.7 on a working day, 0.8 on
A newspaper vendor notes that his profit for the day is more than $100 with a probability of 0.7 on a working day, 0.8 on a weekend (Saturday or Sunday), and 0.9 on a statutory holiday (for example, Civic Holiday or Labour Day). In the week beginning with Labour Day, there are 4 working days, 2 weekend days, and 1 statutory holiday. If a day is chosen at random from this week, what is the probability that the vendor's profit for the day is more than $100? 0 0.2429 0 0.7571
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