Posted by **cassandra** on Thursday, June 17, 2010 at 6:50pm.

A travel agency offers 4 different vacation packages to Europe. Their net profit for package 1 is $500, for package 2 it is $750, for package 3 it is $900, and for package 4 it is $1,500. From past experience they know that 20% of their customers purchase package 1, 15% of their customers purchase package 2, 40% of their customers purchase package 3 and 25% of their customers purchase package 4. Find the expected value or average profit per customer and determine how much profit they should expect if 10 people purchase one of their European vacation packages

## Answer This Question

## Related Questions

- Algebra - Mr. Scrooge bought 4 packages of ground beef. The second package ...
- math word problems - Package A weighs half as much as Package B. Package B ...
- Math - A delivery service charges a base price for an overnight delivery of a ...
- Math - The smallest package weighed only 1/3 more than 1/2 the weight of the ...
- math - The smallest package weighed only 1/3 more than 1/2 the weight of the ...
- physics - An 8.00kg package in a mail-sorting room slides 2.00 m down a chute ...
- Physics - A plane diving with constant speed at an angle of 52.5° with the ...
- calculus - The USPS will not mail a package if the sum of its length and its ...
- physics - A package in an airplane moving horizontally at 150m/s is dropped when...
- math - An online retailer sells two packages of protein bars. Package A: 10-pack...

More Related Questions