A salesman can contact either one or two customers per day

Reference no: EM13471244

A salesman can contact either one or two customers per day with probability 1/3 and 2/3 respectively. Each contact will result in either no sale or a $20,000 sale with probability 9/10 and 1/10 respectively. What is the distribution of the random variable.

X = daily sales in $.

Use this distrbution to find the expected value and variance of his daily sales

Reference no: EM13471244

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A salesman can contact either one or two customers per day

Reference no: EM13471244

Reference no: EM13471244

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