What is the expected daily profit if a store sells X air conditioners per day with probability
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What is the expected daily profit if a store sells X air conditioners per day with probability f(10) = 0.1, f(11) = 0.3, f(12) = 0.4, f(13) = 0.2 and the profit per conditioner is $55?
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The cost price p must be equal to MC The marginal cost must ...View the full answer
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Hardik Dudhat
I am semi-qualified Chemical Engineering ,I have scored centum in accounting in my senior secondary and in my graduation. I have always helped my fellow students with their concerns on the subject, i have tutored on various tutoring sites in the past and also have taken home tuitions for degree and MBA students. As a tutor, I don't want my students to just get a solution, I want them to understand the concept and never have a doubt in that area thereon and i believe in excelling and not in educating.
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