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Fast Service Store has maintained daily sales records on the various size 'Cool Drink' sales. These are shown in the following table:

'Cool Drink' Price Number Sold

$0.25 75

$0.35 120

$0.50 125

$0.75 50

a.Set up a probability distribution for 'Cool Drink' sales.

b.What is the expected value of this probability distribution?

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Statistics and Probability, Statistics

Category:- Statistics and Probability
Reference No.:- M9370750

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