Let X denote the number of cars sold by a sales associate on any given day. Suppose
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Question:
Let X denote the number of cars sold by a sales associate on any given day. Suppose the probability distribution for X is given by the following table.
x | 0 | 1 | 2 | 3 |
P(X = x) | 0.3 | ? | 0.2 | 0.1 |
a. Suppose the associate makes a day rate of $100 as well as $500 for each car sold. Let Y equal the associate's total daily wages. Find the probability distribution for Y. b. Find E(Y ). Round to two decimal places if necessary.
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