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The Probability Distribution for the Daily Sales at Michael's Co  Daily Sales ($1,000s) Probability 400.1500.4600.3700.2\begin{array} { c c } \text { Daily Sales } ( \$ 1,000 s ) & \text { Probability } \\40 & 0.1 \\50 & 0.4 \\60 & 0.3 \\70 & 0.2\end{array}

Question 11

Multiple Choice

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


A) $50,000
B) $55,000
C) $56,000
D) $60,000

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