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Era sells communication equipment for the civilian and military sectors. Most of its sales are in the military sector and concern interception radars. Era makes
Era sells communication equipment for the civilian and military sectors. Most of its sales are in the military sector and concern interception radars. Era makes a profit of $250 per interceptor radar sold. Annual sales of these radars depend on market conditions and are estimated using the following probability distribution:
X (number of radars sold per year) f(x) (probability) 1000 0,1 3000 0,3 5000 0.4 10000 0,2Step by Step Solution
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