Answer: yes.
Step-by-step explanation:
Answer:
Yes, the geometric distribution is appropriate.
Step-by-step explanation:
sorry if im wrong
Answer:
$12
Step-by-step explanation:
If we stuck with the price of $8, then we end with an income of $2400
Increasing it by $1 will decrease attendance by 20
8 x 300 = 2400
9 x 280 = 2520
10 x 260 = 2600
11 x 240 = 2640
12 x 220 = 2640
13 x 200 = 2600
We're starting to go down, so let's stop there
The ticket price of $11 or $12 appears to give the most income
I would stick with $12 since your still getting more money from one ticket
<u>Answer:</u>
P(3 blue) = 1/5
<u>Steps:</u>
P(3 blue) = 2/3 × 3/5 × 1/2
P(3 blue) = 6/30
P(3 blue) = 1/5
<em>that's 20%</em>