00:37:37 A shoe company conducts a survey to determine the expected value of online sales for...
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00:37:37 A shoe company conducts a survey to determine the expected value of online sales for their new line of shoes coming out next fall. Based on past years, they have observed the following data on the probability of selling different types of shoes in the new line. The company expects that 1338 people will visit the website for their new line on launch day. Note that some of the online shoppers will not make a purchase. Shoe type Price Probability 3 Sneakers $71.99 10 1 High heels $85.25 10 4 Sandals $35.50 25 Loafers $43.75 7 25 How much should the company expect its shoppers to spend on the website on launch day? Round your answer to the nearest cent, if necessary. Answer 2 Points Keypad Keyboard Shortcuts 00:37:37 A shoe company conducts a survey to determine the expected value of online sales for their new line of shoes coming out next fall. Based on past years, they have observed the following data on the probability of selling different types of shoes in the new line. The company expects that 1338 people will visit the website for their new line on launch day. Note that some of the online shoppers will not make a purchase. Shoe type Price Probability 3 Sneakers $71.99 10 1 High heels $85.25 10 4 Sandals $35.50 25 Loafers $43.75 7 25 How much should the company expect its shoppers to spend on the website on launch day? Round your answer to the nearest cent, if necessary. Answer 2 Points Keypad Keyboard Shortcuts
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