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Mathematics, 07.03.2021 18:10 Scoopaloop

The probability distribution for the daily sales at Michael's Co. is given below. Daily Sales
(In $1,000s) Probability
40 x
50 0.4
60 y
70 0.2

If the expected value is $56,000 solve for x and y.

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The probability distribution for the daily sales at Michael's Co. is given below. Daily Sales
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