Answer: 48 sold-out performances must be played in order for you to break even.
Step-by-step explanation:
Let x represent the number of sold-out performances must be played in order for you to break even.
You invest in a new play. The cost includes an overhead of $30,000, plus production costs of $2500 per performance. This means that the total cost of x sold out performances would be
2500x + 30000
A sold-out performance brings you $3125. This means that he total revenue from x sold out performances would be
3125x
To break even, cost = revenue
Therefore,
2500x + 30000 = 3125x
3125x - 2500x = 30000
625x = 30000
x = 30000/625
x = 48
Answer:
1.3559644*10^-^5
Step-by-step explanation:
From the information given we extract the following data
Total Number of Trials (N) = 191
Required Value (x) = 181 (notice it is not 180 since at that value we have enough passengers)
Odds of success (p) = 0.85
Using the binomial formula for calculating probability, i.e.

Inputting the values

No, i would stay with my answer #1 and trust myself.
First simplify this inequality:

Now you can graph this inequality. Draw the vertical dashed line x=3 and shade the region to the right from this line. This is exactly the region that represents the solution of inequality (see attached diagram for details).
1) Graph the corresponding equation \( x = 2 \); this will split the plane into two regions. One of the region represents the solution set.
2) Select a point situated in any of the two regions obtained and test the inequality. If the point selected is a solution, then all the region is the solution set. If the selected point is not a solution, then the other (second) region represents the solution set.
3) Test: In this example, let us for example select the point with coordinates (3 , 2) which is in the region to the right of the line x = 2. If you substitute x in the inequality \( x ≥ 2 \) by 3 it becomes \( 3 ≥ 2 \) which is a true statement and therefore (3 , 2) is a solution. Hence, we can conclude that the region to the right of the vertical line x = 2 is a solution set including the line itself which is shown as a solid line because of the inequality symbol \( ≥ \) contains the \( = \) symbol. The solution set is represented by the blue hash region in the graph below including the line x = 2.