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Department store expected profit

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Reference no: EM131396928

Department Store Sales A department store wants to sell 11 purses that cost the store $40 each and 32 purses that cost the store $10 each. If all purses are wrapped in 43 identical boxes and if each customer picks a box randomly, find

(a) Each customer's expectation.

(b) The department store's expected profit if it charges $15 for each box.

Reference no: EM131396928

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