Car P(Sale) % Sold Per Sale/ Profit Per Sale
VW Golf 10% 15% $1,000
Saab 10% 15% $2,000
BWM Z4 10% 20% $12,000
Skoda Octavia10% 10% $1,200
Lada Niva10% 40% $400
Sum 100%
2.1 What is the expected profit for a VW Golf?
2.2 What is the expected profit for a Saab?
2.3 What is the expected profit for a BMW Z4?
2.4 What is the expected profit for a Skoda Octavia?
2.5 What is the expected profit for 500 customers?
VW Golf: $250
Saab: $300
Mercedes $4200
Jaguar $300
Expected profit for 500 customers: $2,545,000