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Find the cumulative distribution function of X and draw its graph? A salesman has scheduled two appointments...

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Basic Math

Find the cumulative distribution function of X and draw itsgraph?

A salesman has scheduled two appointments to sell encyclopedias.His first appointment will lead to a sale with probability 0.3, andhis second appointment will lead independently to a sale withprobability 0.6. Any sale made is equally likely to be either forthe deluxe model, which costs $1000, or the standard model, whichcosts $500. X is the total dollar value of all sales. Hint: youcould find the probability mass function of X and use that.

Answer & Explanation Solved by verified expert
4.2 Ratings (580 Votes)
here below is the probability mass function of XPX0Pno sales from both ofappointments103106028PX500Pno sales frm first appointment and standard modelsale from second    See Answer
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