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    Joint Distribution Table : Compute the expected revenue.

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    26. Consider a small ferry that can accommodate cars and buses. The toll for cars is $3, and the toll for buses is $10. Let X and Y denote the number of cars and buses, respectively, carried on a single trip. Suppose the joint distribution of X and Y is as given in the table in Exercise 7 (see attachment). Compute the expected revenue from a single trip.

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    26. Consider a small ferry that can accomodate cars and buses. The toll for cars is $3, and the toll for buses is $10. Let X and Y denote the number of cars and buses, respectively, carried on ...

    Solution Summary

    Revenue is computed based on a joint distribution table. The solution is detailed and well presented.

    $2.49

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