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In the daily production of a certain kind of rope, the number of defects per foot given by Y is assumed to have a Poisson
In the daily production of a certain kind of rope, the number of defects per foot given by Y is assumed to have a Poisson distribution with mean
= 3.
The profit per foot when the rope is sold is given by X, where
X = 60 3Y Y2.
Find the expected profit per foot.
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