Use the internet to find the population of ohio. then use this site to estimate the area of ohio in square miles. what is your e
1 answer:
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Answer:
The probability is 0.0775
The expected value is 4.75 clubs
The standard deviation is 1.8875 clubs
Step-by-step explanation:
The variable X follows a binomial distribution, because we have n identical and independent events (19 cards) with a probability p of success and 1-p of fail (there is a probability of 1/4 to be club and 3/4 to be diamond, heart or spade). Then, the probability that x of the n cards are club is:
So, the probability P of drawing at least 8 clubs is:
P = P(8) + P(9) + P(10) + ... + P(18) + P(19)
Replacing, the values of x, from 8 to 19, on the equation above, we get:
P = 0.0775
Additionally, the expected value E(x) and standard deviationS(x) for this distribution is given by:
E(x)=np = 19(0.25) = 4.75
To answer this question, we have the start-up costs of $ 52,000
A monthly inflation of $ 0 is assumed
Operating costs are $680
The daily gain is $960
For the Part A.
The inequality that this situation represents
So:
Where d represents the number of days.
For the Part B.
To start earning, you must replace all the initial investment and cover the expenses per day. The time that must pass for this to happen is obtained by clearing "d" from the inequality.
d> 185.71 days
Then, the sum of the net profits will be greater than the initial investment after 186 days of starting the business.