Question

Suppose that the number of orders that are placed for a product in any given hour on any given day is governed by the. following probability distribution
xi= 4 5 6 7 8 9
f x(xi)=1/12 1/12 1/4 1/4 1/6 1/6
Let the function, q(X), represent the amount of money in dollars paid for each order.
qx =2x-1
What is the expected revenue per hour?

Answer 1

@sourwing

Answer 2

@whpalmer4