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# Setting up a probability distribution

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Fast Service Store has maintained daily sales records on the various size 'Cool Drink' sales. These are shown in the following table:

'Cool Drink' Price Number Sold
\$0.25 75
\$0.35 120
\$0.50 125
\$0.75 50

a.Set up a probability distribution for 'Cool Drink' sales.

b.What is the expected value of this probability distribution?

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#### Solution Preview

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Solution:

a. Set up a probability distribution for Cool Drink sales?

Cool Drink Price Number Sold ...

#### Solution Summary

The solution describes the steps to find out probability distribution in the case. It also calculates expected value of probability distribution.

\$2.19