Logo
Home Study Material Contact Search
AI Chat FREE
  1. mathematics
  2. basic math
  3. find the cumulative distribution function of x and

Find the cumulative distribution function of X and draw its graph? A salesman has scheduled two appointments...

90.2K

Verified Solution

Question

Basic Math

Find the cumulative distribution function of X and draw itsgraph?

A salesman has scheduled two appointments to sell encyclopedias.His first appointment will lead to a sale with probability 0.3, andhis second appointment will lead independently to a sale withprobability 0.6. Any sale made is equally likely to be either forthe deluxe model, which costs $1000, or the standard model, whichcosts $500. X is the total dollar value of all sales. Hint: youcould find the probability mass function of X and use that.

Answer & Explanation Solved by verified expert
4.2 Ratings (580 Votes)
here below is the probability mass function of XPX0Pno sales from both ofappointments103106028PX500Pno sales frm first appointment and standard modelsale from second    See Answer
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

Which answer is the explicit rule for the sequence 11 8 5 6 3 5...

Algebra
Q

solo corp. is evaluating a project with the following cash flows: Year 0 cash flow 29,900...

Finance
Q

Project L costs $40,121.71, its expected cash inflows are $9,000 per year for 8 years, and...

Finance
Q

Find the final amount in the following retirement​ account, in which the rate of return on...

Statistics
Q

Glycogen and Fatty Acids are used to store energy. Describe and contrast the physiological states that...

Chemistry
Q

Identify two alternative positions to the one that you have taken for the criminal justice issue...

General Management
Q

In the figure shown a small block of mass m 2 kg moves in fixed...

Physics
Q

Given the graph of f x above find the following not use the U sign...

Calculus
Q

Given this frequency chart of 2201 passengers from the Titanic choose the class es whose...

Algebra
Q

Journalize the closing entries required to close out the Income Statement accounts. Select Generate Closing...

Accounting
Q

I've partially completed section A but going over/solving it again would be very beneficial, for...

Accounting
Q

16. What was the change in net operating working capital (NOWC)? * 5...

Accounting