Use the Following Two Probability Distributions for Sales of a Firm

question 31

Multiple Choice

Use the following two probability distributions for sales of a firm to answer the following question: $$\begin{array} { c c c } \text { Sales } & \begin{array} { c } \text { Disilibisiont } \\\text { Probabildy }\end{array} & \begin{array} { c } \text { Dilribulion2 } \\\text { Probabilly }\end{array} \\\hline 2,000 & 0.05 & 0.05 \\3,000 & 0.20 & 0.15 \\4,000 & 0.50 & 0.20 \\5,000 & 0.20 & 0.35 \\6,000 & 0.05 & 0.25\end{array}$$ The expect value of sales for Distribution 1 is _____________.

• A)2,500
• B)2,758
• C)2,800
• D)3,000
• E)4,000

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