The probability of drawing a goldfish on the first draw is 16 / ( 16 + 24 ), or 16/40, or 2/5. Supposing that the first fish drawn is actually a goldfish, then there are 15 goldfish left among 39 fish, and the probability of drawing a goldfish on the 2nd draw is 15/39, or 5/13. The (joint) probability of drawing 2 goldfish on the 1st 2 draws, without replacement, is (5/13)(2/5) = 2/13.
Answer:
1 pencil will be for 1.75 $
The way you find profit is to subtract the revenue and the cost
Profit = Revenue - Cost
The revenue is the amount of money coming in, the cost is the amount of money going out. The goal of course is to have the revenue larger than the cost so that the profit is positive.
So the equation given is
P = 7.5n - (2.25n+15)
and its in the form
P = R - C
where...
R = 7.5n is the revenue equation
C = 2.25n+15 is the cost equation
Focus on the revenue equation
R = 7.5n
which is the same as
R = 7.50*n
This tells us that Sandra pulls in a total of 7.50*n dollars where n is some positive whole number. It represents the number of necklaces sold. For example, if she sold n = 10 necklaces, then
R = 7.50*n
R = 7.50*10
R = 750
meaning that Sandra has made $750 in revenue
As you can see above, the revenue is computed by multiplying the price per necklace ($7.50) by the number of necklaces sold (n) to get R = 7.50*n
So that's why the answer is $7.50
Note: The 2.25 is part of the cost equation. This is known as the variable cost. It is the cost to make one necklace ignoring the fixed cost (eg: rent). The variable cost often doesn't stay the same, but algebra textbooks often simplify this aspect.
Answer:
P(z>1.3) = 0.9032
Step-by-step explanation:
We are given:
Mean = 5000
Standard deviation = 1000
x = 6300
P(x>6300)=?
z-score =?
z-score = x- mean/standard deviation
z-score = 6300 - 5000/1000
z- score = 1300/1000
z-score = 1.3
So, P(x>6300) = P(z>1.3)
Looking at the z-probability distribution table and finding value:
P(z>1.3) = 0.9032
So, P(z>1.3) = 0.9032
