In the daily production of a certain kind of rope, the number of defects per foot Y is
Chapter 3, Problem 3.139(choose chapter or problem)
In the daily production of a certain kind of rope, the number of defects per foot Y is assumed to have a Poisson distribution with mean = 2. The profit per foot when the rope is sold is given by X, where X = 50 2Y Y 2. Find the expected profit per foot.
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