There are three cell phone models in a store. When selecting a new cell phone, 25% of the customers choose model A, 33% choose m

Question

4 years ago

9

There are three cell phone models in a store. When selecting a new cell phone, 25% of the customers choose model A, 33% choose m

odel B, and 32% choose model C. The remaining customers buy from an old collection on which the average profit is $50. If the average profit earned on models A, B, and C is $60, $75, and $40, respectively, what is the expected value of the profit earned on all models?

Mathematics

1 answer:

Ksju [112] · Answer 1 · 2021-12-14T13:23:27+03:00

Ksju [112]4 years ago

7 0

Answer: $57.55

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