Amazon has three packages (Package A, Package b, Package C) that is too be shipped to Bills address. Package A is 100 dollars Package B is 200 dollars and package C is 300 dollars. All three packages have a 90% chance of arriving and a 10% chance of being lost. Set up a probability distribution with the appropriate possibilities for each possible outcome. What is the expectorated loss? (p*) How much risk does Amazon face in this delivery purchase? (what is the coefficient of variation) Please show all work.
This question was answered on: Sep 21, 2023
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