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siniylev [52]
3 years ago
7

Suppose you earn $6 per hour at your part-time job. What will your new hourly rate be after a 2.5% raise? Explain

Mathematics
1 answer:
Fofino [41]3 years ago
5 0
It will be $6.75 per hour
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Organizers of an outdoor summer concert in Toronto are concerned about the weather conditions on the day of the concert. They wi
Kobotan [32]

Answer:

The value of the expected profit from the concert is 8,910

Step-by-step explanation:

Profit on a clear day X₁ = 36,000 with  13% probability.  

i.e  X₁ = 36000

    P(X₁) = 0.13

Profit on a cloudy day = 17,000 with 39% probability.

i.e  X₂ = 17000

    P(X₂) = 0.39

else,

loss of 5,000 if it rains with the probability of 48%.

i.e  X₃ = 5000

    P(X₃) = 0.48

The value of the expected profit from the concert is obtained as follows

Expected Value = (36,000*0.13) + (17,000*0.39) - (5,000*0.48)

                           = 4,680 + 6,630 - 2,400

                           = 8,910

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3 years ago
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−5 1 3 − 2 1/3<br><br><br><br><br> zzzzzzzzzzzzzzz
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