Problem

A salesman has scheduled two appointments to sell encyclopedias. His first appointment wil...

A salesman has scheduled two appointments to sell encyclopedias. His first appointment will lead to a sale with probability .3, and his second will lead independently to a sale with probability .6. Any sale made is equally likely to be either for the deluxe model, which costs $1000, or the standard model, which costs $500. Determine the proba

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