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Thread: Profit function given probabilities

  1. #1
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    Profit function given probabilities




    I have completed part a) and b)
    But I can't seem to get any further with part c) in order to be able to answer part d)
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    Last edited by k.dot; 05-03-2016 at 08:43 AM.

  2. #2
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    Re: Profit function given probabilities


    Would the pmf for y=k also be the following?
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