A salesman has scheduled two appointments to sell encyclopedias. His first appointment will lead to a sale

Question:

A salesman has scheduled two appointments to sell encyclopedias. His first appointment will lead to a sale with probability .3, and his second will lead independently to a sale with probability .6. Any sale made is equally likely to be either for the deluxe model, which costs $1000, or the standard model, which costs $500. Determine the probability mass function of X, the total dollar value of all sales.
Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For  book-img-for-question
Question Posted: