Answer:
This project has a positive Expected Monetary Value, so it is expected to make money. This means that the company should be advised to make the bid.
Step-by-step explanation:
We have to find the expected monetary value of this project.
If it is positive, the company should make the bid. Otherwise, they should not make the bid.
There is a 20% probability of the bid being accepted. If the bid is accepted, the company would make $26,000 and lose $4,000. So the expected net earning is $26,000-$4,000 = $22,000.
There is an 80% probability of the bid being rejected. In this case, the company loses $4,000.
The Expected Monetary Value of the project is:
.
This project has a positive Expected Monetary Value, so it is expected to make money. This means that the company should be advised to make the bid.
Y-2=-3/2(x-2)
first of all, the slope of the line is -3/2, and there's only one equation that has that as a choice for the slope. Then you can take the x and y coordinates given in that equation you want to check and see if the line goes through that point. from the equation, (point-slope form y-y=m(x-x)) I know that the line should pass through point (2, -2), and looking at the graph, that is correct.
It equals two tacos. Lol this is a funny question.
The answer you are looking for is 3÷x. Well, the better way to write this would be 3 over x, or 3/x, which is the fractional form. Since "quotient" modifies division, you would divide 3 by x.
So, therefore, the best final answer to this problem is 3/x.
Hope this helped answer your question for you. Good day to you.