The probability distribution for the daily sales at Michael's Co. is given below.
?
?
Daily Sales ($1,000s)
Probability
?
40
0.2
?
50
0.4
?
60
0.3
?
70
0.1
?
The expected daily sales are
A. $53,000.
B. $55,000.
C. $50,000.
D. $60,000.
Answer: A
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