Question: Consider a small ferry that can accommodate cars and buses. The toll for cars is $3, and the toll for buses is $10. Let X
Consider a small ferry that can accommodate cars and buses. The toll for cars is $3, and the toll for buses is $10. Let X and Y denote the number of cars and buses, respectively, carried on a single trip. Suppose the joint distribution of X and Y is as given in the table of Exercise 7. Compute the expected revenue from a single trip.
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