Question
On flying to and from Denver from Atlantic City airport, I have calculated the following probabilities (roughly). The probability that I get to Denver on
On flying to and from Denver from Atlantic City airport, I have calculated the following probabilities (roughly). The probability that I get to Denver on time is 2/3, the probability that I get to Denver 1 hour late is 1/6, the probability that I get to Denver 2 hours late is 1/12, and the probability that I get to Denver 3 hours late is 1/12. What is my expected value of lateness?
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Fundamentals Of Business Mathematics In Canada
Authors: F. Ernest Jerome, Jackie Shemko
3rd Edition
1259370151, 978-1259370151
