The probability distribution for the daily sales at Michael's Co. is given below. Daily Sales
(In $1,000s) Probability
40 x
50 0.4
60 y
70 0.2

If the expected value is $56,000 solve for x and y.

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Step-by-step explanation:

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let's solve your equation step-by-step.

4x+2=2x+12

step 1: subtract 2x from both sides.

4x+2−2x=2x+12−2x

2x+2=12

step 2: subtract 2 from both sides.

2x+2−2=12−2

2x=10

step 3: divide both sides by 2.

2x

2

=

10

2

x=5

step-by-step explanation:

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step-by-step explanation:

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