18
x=30
y=90
90 ÷ 30 =3
y=3x
3 × 6 = 18
Answer:
Step-by-step explanation:
First, find the expected number of scooters rented per month:
As the data is symmetrical, E(X) (the expected value) is the middle value. So, on average, 2.5 scooters should be taken per month.
His total costs were 5 * 3000 = $15,000
So, to break even, he needs to make $15,000.
He will be selling for 5 years, or 60 months.
As a result, he needs to make 15000/60 = $250/month
As he is selling 2.5 scooters on average, he needs to rent each for:
$250/2.5 = <u>$100/month</u>
Answer:
random
Step-by-step explanation:
Monte Carlo simulation is a technique which is used to analyze the impact of risk and uncertainty in financial projects and forecasting models. It helps to understand the potential outcomes to better understand the decision based on risk level. It analyzes the probability of different outcomes by intervention of random variables.
