Soft drink sellers offers three sizes of cola-small, medium, and large-for wholesale. The colas are sold for $0.70, $1,

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Soft drink sellers offers three sizes of cola-small, medium, and large-for wholesale. The colas are sold for $0.70, $1,

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Soft Drink Sellers Offers Three Sizes Of Cola Small Medium And Large For Wholesale The Colas Are Sold For 0 70 1 1
Soft Drink Sellers Offers Three Sizes Of Cola Small Medium And Large For Wholesale The Colas Are Sold For 0 70 1 1 (31.7 KiB) Viewed 30 times
Soft drink sellers offers three sizes of cola-small, medium, and large-for wholesale. The colas are sold for $0.70, $1, and $1.30, respectively. Twenty percent of the orders are for small, 55 percent are for medium, and 25 percent are for the large sizes. Organize the size of the colas and the probability of a sale into a probability distribution. (a) Is this a discrete probability distribution? Indicate why or why not. (b) Compute the mean amount charged for a cola. (c) What is the variance in the amount charged for a cola? The standard deviation?
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