. What is his expected profit?

College Algebra (MindTap Course List)
12th Edition
ISBN:9781305652231
Author:R. David Gustafson, Jeff Hughes
Publisher:R. David Gustafson, Jeff Hughes
Chapter8: Sequences, Series, And Probability
Section8.7: Probability
Problem 21E
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B. A student has decided to sell his computer piecewise. The probability that he will sell hard disk at a profit
of 3000 is 3/20, monitor at a profit of 1500 is 7/20, CD-drive at no profit is 7/20 and RAM at a loss of 1500
is 3/20. What is his expected profit?
Transcribed Image Text:B. A student has decided to sell his computer piecewise. The probability that he will sell hard disk at a profit of 3000 is 3/20, monitor at a profit of 1500 is 7/20, CD-drive at no profit is 7/20 and RAM at a loss of 1500 is 3/20. What is his expected profit?
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