Which of the following values could represent the probabilities of complementary events
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MATRICES
101
A manufacturer produces three products x, y, z which he sells in two markets.
Annual sales are indicated below:
Market Products
I .10,000 2,000 18,000
II .6,000 20,000 8,000
(a) If unit sale prices of x, y and z are Rs 2.50, Rs 1.50 and Rs 1.00, respectively,
find the total revenue in each market with the help of matrix algebra.
(b) If the unit costs of the above three commodities are Rs 2.00, Rs 1.00 and 50
paise respectively. Find the gross profit.
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