Notebooks are printed in three categories i. e small, large and extra-large . They are sold for Rs.95, Rs 105 and Rs.135

Business, Finance, Economics, Accounting, Operations Management, Computer Science, Electrical Engineering, Mechanical Engineering, Civil Engineering, Chemical Engineering, Algebra, Precalculus, Statistics and Probabilty, Advanced Math, Physics, Chemistry, Biology, Nursing, Psychology, Certifications, Tests, Prep, and more.
Post Reply
answerhappygod
Site Admin
Posts: 899603
Joined: Mon Aug 02, 2021 8:13 am

Notebooks are printed in three categories i. e small, large and extra-large . They are sold for Rs.95, Rs 105 and Rs.135

Post by answerhappygod »

Notebooks Are Printed In Three Categories I E Small Large And Extra Large They Are Sold For Rs 95 Rs 105 And Rs 135 1
Notebooks Are Printed In Three Categories I E Small Large And Extra Large They Are Sold For Rs 95 Rs 105 And Rs 135 1 (153.71 KiB) Viewed 57 times
Notebooks are printed in three categories i. e small, large and extra-large . They are sold for Rs.95, Rs 105 and Rs.135 respectively.Thirty percent of the orders are for small, 50 percent are for large and 20 percent are for the extra large sizes. Organize the size of the notebooks and the probability of a sale into a probability distribution. [3 Marks] (a) Is this a discrete probability distribution? Justify why or why not. (b) Compute the mean amount charged. (c) What is the variance in the amount charged?
Join a community of subject matter experts. Register for FREE to view solutions, replies, and use search function. Request answer by replying!
Top
Post Reply

Return to “Archived Questions & Answers”