Answer:
Expected revenue = $400
Step-by-step explanation:
Expected revenue is given by the formula;
Expected revenue = Sum of x * p(x)
x = 200
x = 600
p(x) = 1/2
p(x) = 1/2
Substituting, we have;
Expected revenue = 200*1/2 + 600*1/2
= 100 + 300
= $400
Therefore, expected revenue = $400
Answer
Step-by-step explanation:
(0,52),(1,2),(2,32)
Given function:
The minimum value of the function can be found by setting the first derivative of the function to zero.
Solving for x:
Substituting the value of x into the original function:
Hence, the minimum value in the given range is (-1, -0.368)
Keiko has a total of $5200
x is the amount of money in larger account
y is the amount of money in smaller account
x - y = $900
and x + y = $5200
<u>This creates two simultaneous equations:</u>
x - y = $900 ... (i)
x + y = $5200 ... (ii)
Adding (i) and (ii) :
2x = $6100 , x = $3050
y = x - $900 = $3050 - $900 = $2150
The amount of money in larger account (x) = $3050
The amount of money in smaller account (y) = $2150
