Describe the probability law of y

Reference no: EM131833010

A hardware store discovers that the number X of electric toasters it sells in a week obeys a Poisson probability law with mean to. The profit on each toaster sold is $2. If at the beginning of the week to toasters are in stock, the profit Y from sale of toasters during the week is Y = 2 minimum (X, 10). Describe the probability law of Y.

Reference no: EM131833010

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