At the beginning of each week, a company decides how much to spend on newspaper ads for
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At the beginning of each week, a company decides how much to spend on newspaper ads for that week. It spends either $250 or $500 each week on newspaper ads. Assuming there is an equal probability of spending either amount, find the probability that in a month (4 weeks), the total advertising expenditure is greater than $1,250.
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Related Book For
Statistics For Business And Financial Economics
ISBN: 9781461458975
3rd Edition
Authors: Cheng Few Lee , John C Lee , Alice C Lee
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