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Question
Choose the correct alternative:
Demand of products per day for three days are 21, 19, 22 units and their respective probabilities are 0.29, 0.40, 0.35. Profit per unit is 0.50 paisa then expected profits for three days are
Options
21, 19, 22
21.5, 19.5, 22.5
0.29, 0.40, 0.35
3.045, 3.8, 3.85
Solution
3.045, 3.8, 3.85
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