2. Heavy Equipment A heavy-equipment salesman can contact either one or two customers per day with probabilities
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2. Heavy Equipment A heavy-equipment salesman can contact either one or two customers per day with probabilities 1/3 and 2/3, respectively. Each contact will result in either no sale or a $50,000 sale with probabilities 9/10 and 1/10, respectively. What is the expected value of his daily sales?
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Related Book For 
Introduction To Probability And Statistics
ISBN: 9780357114469
15th Edition
Authors: William Mendenhall Iii , Robert Beaver , Barbara Beaver
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