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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 below. p(x,y) 0 1 2 3 4 5 0.025 0.015 0.010 0.050 0.030 0.020 0.105 0.075 0.050 0.150 0.090 0.060 0.100 0.060 0.040 0.050 0.030 0.040 Compute the expected revenue from a single trip. (Round your answer to two decimal places.)

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 below. p(x,y) 0 1 2 3 4 5 0.025 0.015 0.010 0.050 0.030 0.020 0.105 0.075 0.050 0.150 0.090 0.060 0.100 0.060 0.040 0.050 0.030 0.040 Compute the expected revenue from a single trip. (Round your answer to two decimal places.)

Algebra: Structure And Method, Book 1
Algebra: Structure And Method, Book 1
(REV)00th Edition
ISBN:9780395977224
Author:Richard G. Brown, Mary P. Dolciani, Robert H. Sorgenfrey, William L. Cole
Publisher:Richard G. Brown, Mary P. Dolciani, Robert H. Sorgenfrey, William L. Cole
Chapter7: Applying Fractions
Section7.1: Ratios
Problem 25WE
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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 below. p(x,y) 0 1 2 3 4 5 0 0.025 0.050 0.105 0.150 1 0.015 0.030 0.075 0.090 Talk to a 0.100 0.060 0.040 0.050 0.030 0.040 Compute the expected revenue from a single trip. (Round your answer to two decimal places.) $15.69 x Need Help? Read It 2 0.010 0.020 0.050 0.060 to a Tutor
Transcribed Image Text: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 below. p(x,y) 0 1 2 3 4 5 0 0.025 0.050 0.105 0.150 1 0.015 0.030 0.075 0.090 Talk to a 0.100 0.060 0.040 0.050 0.030 0.040 Compute the expected revenue from a single trip. (Round your answer to two decimal places.) $15.69 x Need Help? Read It 2 0.010 0.020 0.050 0.060 to a Tutor
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