The probability distribution for the daily sales at Michael's Co.is given below. $\begin{array}{cc}
\text { Daily Sales } & \
\text { (In } \$ 1,000 \text { s) } & \text { Probability } \
40 & 0.1 \
50 & 0.4 \
60 & 0.3 \
70 & 0.2
\end{array}$
The probability of having sales of at least $50,000 is
A) 0.5
B) 0.10
C) 0.30
D) 0.90

Question

The probability distribution for the daily sales at Michael's Co.is given below. $\begin{array}{cc}
\text { Daily Sales } & \
\text { (In } \$ 1,000 \text { s) } & \text { Probability } \
40 & 0.1 \
50 & 0.4 \
60 & 0.3 \
70 & 0.2
\end{array}$ 
 The probability of having sales of at least $50,000 is
A) 0.5
B) 0.10
C) 0.30
D) 0.90

Quizplus · Accepted Answer

The probability of having sales of at least $50,000 is the sum of the probabilities for sales of $50,000, $60,000, and $70,000, which is 0.4 + 0.3 + 0.2 = 0.9.

The Probability Distribution for the Daily Sales at Michael's Co