Solved

The Probability Distribution for the Daily Sales at Michael's Co

Question 24

Multiple Choice

The probability distribution for the daily sales at Michael's Co.is given below.  Daily Sales  (In $1,000 s)   Probability 400.1500.4600.3700.2\begin{array}{cc}\text { Daily Sales } & \\\text { (In } \$ 1,000 \text { s) } & \text { Probability } \\40 & 0.1 \\50 & 0.4 \\60 & 0.3 \\70 & 0.2\end{array}
The probability of having sales of at least $50,000 is


A) 0.5
B) 0.10
C) 0.30
D) 0.90

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions