A computer store has purchased three computers of a certain type at $500 apiece. It will sell them for $1000 apiece. The manufacturer has agreed to repurchase any computers still unsold after a specified period at $200 apiece. Let X = # of computers sold, & p(0) =.1, p(1) =.2, p(2) =.3 and p(3) =.4.With h(X) = profit associated with selling X units = revenue –cost of X computers. Find E[h(X)]
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A computer store has purchased three computers of a certain type at $500 apiece. It will sell them f...
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