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A small market orders copies of a certain magazine for its magazine rack each week. Let X=X= demand for the magazine, with pmf
x p(x)
1 1/15
2 2/15
3 3/15
4 4/15
5 3/15
6 2/15
Suppose the store owner actually pays $ 1.25 for each copy of the magazine and the price to customers is $ 3.75. If magazines left at the end of the week have no salvage value, calculate the expected profit.
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