Question

A businessman can deal either one group of clients or two groups clients per day with
probabilities 0.75 and 0.25, respectively. Every deal will result in either Rs 0 sale or a Rs
2500 sale with probabilities 19/20 and 1/20, respectively. What is the expected value of his
daily deals? What is is variation in his earnings?​

Answer 1

Answer:

YOU ARE NOT A BUISNES MAN

Step-by-step explanation:

Answer 2

Answer:

Step-by-step explanation:A businessman can deal either one group of clients or two groups clients per day with probabilities 0.75 and 0.25, respectively. Every deal will result in either Rs 0 sale or a Rs2500 sale with probabilities 19/20 and 1/20, respectively. What is the expected value of his daily deals? What is is variation in his earnings?

Question 1 (10) (CLO 1) A businessman can deal either one group of clients of two groups clients per day with probabilities 0.75 and 0.26, respectively. Every deal will result in either Rs 0 asle o: a Rs 2500 sale with probabilities 19/20 and 1/20, respectively. What is the expected value of his daily desla? What is ia variation in his earnings?

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