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Promote a timeshare plan at a new resort

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Reference no: EM132912552

A marketing agency has developed three vacation packages to promote a timeshare plan at a new resort. They estimate that 30?% of potential customers will choose the Day? Plan, which does not include overnight? accommodations; 40?% will choose the Overnight? Plan, which includes one night at the? resort; and 30?% will choose the Weekend? Plan, which includes two nights. Complete parts a and b below.

?a) Find the expected value of the number of nights potential customers will need. ?E(X)= ____ ?night(s)

Reference no: EM132912552

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