Question

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 below.

y |
||||

p(x,y) |
0 | 1 | 2 | |

x |
0 | 0.025 | 0.015 | 0.010 |

1 | 0.050 | 0.030 | 0.020 | |

2 | 0.125 | 0.075 | 0.050 | |

3 | 0.150 | 0.090 | 0.060 | |

4 | 0.100 | 0.060 | 0.040 | |

5 | 0.050 | 0.030 | 0.020 |

Compute the expected revenue from a single trip. (Round your
answer to two decimal places.)

$

Answer #1

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 below.
y
p(x,y)
0
1
2
x
0
0.025
0.015
0.010
1
0.050
0.030
0.020
2
0.105
0.075
0.050
3
0.150
0.090...

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 below.
y
p(x,y)
0
1
2
x
0
0.025
0.015
0.010
1
0.050
0.030
0.020
2
0.105
0.075
0.050
3
0.150
0.090...

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 below.
y
p(x,y)
0
1
2
x
0
0.025
0.015
0.010
1
0.050
0.030
0.020
2
0.085
0.075
0.050
3
0.150
0.090
0.060
4
0.100
0.060...

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 below.
y
p(x,y)
0
1
2
x
0
0.025
0.015
0.010
1
0.050
0.030
0.020
2
0.050
0.075
0.050
3
0.150
0.090
0.060
4
0.100
0.060...

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 below.
y
p(x,y)
0
1
2
x
0
0.025
0.015
0.010
1
0.050
0.030
0.020
2
0.110
0.075
0.050
3
0.150
0.090
0.060
4
0.100
0.060...

5.1) The joint probability distribution of the number X of cars
and the number Y of buses per signal cycle at a proposed left-turn
lane is displayed in the accompanying joint probability table.
y
p(x, y)
0
1
2
x
0
0.010
0.015
0.025
1
0.020
0.030
0.050
2
0.050
0.075
0.125
3
0.060
0.090
0.150
4
0.040
0.060
0.100
5
0.020
0.030
0.050
(a) What is the probability that there is exactly one car and
exactly one bus...

The joint probability distribution of the number X of
cars and the number Y of buses per signal cycle at a
proposed left-turn lane is displayed in the accompanying joint
probability table.
y
p(x,
y)
0
1
2
x
0
0.010
0.015
0.025
1
0.020
0.030
0.050
2
0.050
0.075
0.125
3
0.060
0.090
0.150
4
0.040
0.060
0.100
5
0.020
0.030
0.050
(a) What is the probability that there is exactly one car and
exactly one bus during...

Dupree Industries is deciding whether to automate one phase of
its production process. The manufacturing equipment has a six-year
life and will cost $915,000. Projected net cash inflows are
as?follows
Year 1
$260,000
Year 2
253,000
Year 3
227,000
Year 4
211,000
Year 5
203,000
Year 6
177,000
Requirments
1. Compute this? project's NPV using duprees 16?% hurdle rate.
Should Duprees invest in the? equipment?
2. Dupree could refurbish the equipment at the end of six years
for $104,000. The...

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