Question

If each soda sells for $2.50, what is the expected daily total dollar amount taken in by the vendor from the sale of sodas?

Answer 1

Answer:

$34.38

Step-by-step explanation:

Y: A random variable that indicates the amount of money that the seller will receive.

p=2,50$

if  x=0  →  y=0.2,50=0$

if  x=5  →  y=5.2,50  = 12,5  $

if  x=10  →  y=10.2,50= 25$

if  x=15  →  y=15.2,50=  37,5$

if  x=20  →  y=20.2,50=  50  $

if  x=25  →  y=25.2,50=  62,5$

Y=  { 0$ ; 12,5$ ; 25$ ; 37,5$ ; 50$ ; 62,5$ }

E(Y)=  ∑Y.P(Y)

=  0.P(0)+12,5.P(12,5)+  25.P(25)+  37,5.P(37,5)+  50.P(50)+  62,5.P(62,5)

=  0.0,01+  12,5.0,15+  25.0,25+  37,5.0,3+  50.0,25+  62,5.0,04

= 0 + 1,875 + 6,25 + 11,25 + 12,5 + 2,5

= 34,38$ expected value of the amount of money the seller receives.