a large industrial firm purchases several new word processors at the end of each year, the exact num- ber depending on the frequency of repairs in the previ- ous year. suppose that the number of word processors, x, purchased each year has the following probability distribution: x 0 1 23 f(x) 1/10 3/10 2/5 1/5 if the cost of the desired model is $1200 per unit and at the end of the year a refund of 50x2 dollars will be issued, how much can this firm expect to spend on new word processors during this year?



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