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FrozenT [24]
2 years ago
14

If Randy sells 8 times as many vacuum cleaners as Janice, and Janice sells 690 vacuum cleaners per year, on average, how many do

es Randy sell each month
Mathematics
1 answer:
drek231 [11]2 years ago
7 0

Randy sells, in average, 460 vacuum cleaners per month.

<h3>How many vacuum cleaners does Randy sell each month?.</h3>

First, we know that Janice sells 690 units per year.

There are 12 months in a year, so the amount that she sells, in average, per month is:

J = 690/12 = 57.5

This means that Janice sells, in average, 57.5 units per month. And Randy sells 8 times as many, then we can solve the product:

R = 8*57.5 = 460

This means that Randy sells 460 units per month.

If you want to learn more about products:

brainly.com/question/10873737

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Are there any limits to the value of Sine, Cosine and Tangent? if so, what are they and why?
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2 years ago
(4x+1)(3x-5) / 10x^2 +2x • A / 15x2 -22x -5 = 64 x^2 -4 / 5x + 1
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2 years ago
uppose that​ Mary's utility function is​ U(W) = W0.5​, where W is wealth. She has an initial wealth of​ $100. How much of a risk
Stels [109]

Note that U(W) = W^{0.5}

Answer:

Mary's risk premium is $0.9375

Step-by-step explanation:

Mary's utility function,  U(W) = W^{0.5}

Mary's initial wealth = $100

The gamble has a 50% probability of  raising her wealth to $115 and a 50% probability of lowering it to $77

Expected wealth of Mary, E_w

E_{w} = (0.5 * $115) + (0.5 * $77)

E_{w} = 57.5 + 38.5

E_{w} = $96

The expected value of Mary's wealth is $96

Calculate the expected utility (EU) of Mary:-

E_u = [0.5 * U(115)] + [0.5 * U(77)]\\E_u = [0.5 * 115^{0.5}] + [0.5 * 77^{0.5}]\\E_u = 5.36 + 4.39\\E_u = \$ 9.75

The expected utility of Mary is $9.75

Mary will be willing to pay an amount P as risk premium to avoid taking the risk, where

U(EW - P) is equal to Mary's expected utility from the risky gamble.

U(EW - P) = EU

U(94 - P) = 9.63

Square root (94 - P) = 9.63

If Mary's risk premium is P, the expected utility will be given by the formula:

E_{u} = U(E_{w} - P)\\E_{u} = U(96 - P)\\E_u = (96 - P)^{0.5}\\(E_u)^2 = 96 - P\\ 9.75^2 = 96 - P\\95.0625 = 96 - P\\P = 96 - 95.0625\\P = 0.9375

Mary's risk premium is $0.9375

7 0
2 years ago
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