Consider a small ferry that can accommodate cars and buses. The toll for cars is $3, and...

Consider a small ferry that can accommodate cars and buses. The toll for cars is $3, and the toll for buses is $10. Let X and Y denote the number of cars and buses, respectively, carried on a single trip. Suppose the joint distribution of X and Y is as given in the table of Exercise 7. Compute the expected revenue from a single trip.

Reference Exercise 7

The joint probability distribution of the number X of cars and the number Y of buses per signal cycle at a proposed left-turn lane is displayed in the accompanying joint probability table.

a. What is the probability that there is exactly one car and exactly one bus during a cycle?

b. What is the probability that there is at most one car and at most one bus during a cycle?

c. What is the probability that there is exactly one car during a cycle? Exactly one bus?

d. Suppose the left-turn lane is to have a capacity of five cars, and that one bus is equivalent to three cars. What is the probability of an overflow during a cycle?

e. Are X and Y independent rv’s? Explain.