15.16 = 15 16/100 reduces to 15 4/25
The expected value of the outcome of the bid is $0.18
So let's start by counting how many bids are placed up to a total of 160.
100*160 = 16000.
What will be your arbitrary bid? As each bid has an equal chance of success, the average of all bids is used. (One cent plus 160 dollars) / 2 = 80 dollars (rounded)
Your odds of winning are 1/16000 (1 bid out of 16000).
If you win, your profit is 1920 ($2000 minus $80.00).
1920/16000 is $0.12
Your cost to enter the auction is $1, and your average winning offer is $0.12.
The result is $0.18 (0.12-1=-0.88).
Thus the expected value of the outcome of the bid is $0.18
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Just subtract them and you get 16,700 hope this helps
The solution to the algebra 2 and 1 over 10 times negative seven times 5 over 12 is; negative six and 1 over 8
<h3>How to Multiply Fractions?</h3>
2 and 1 over 10 times negative seven times 5 over 12 can also be expressed as; 2¹/₁₀ * ⁽⁻⁷ * ⁵⁾/₁₂
Multiplying out the bracket gives;
²¹/₁₀ * -³⁵/₁₂
Dividing by common factors gives;
= ⁷/₂ * ⁻⁷/₄
= -49/8
= -6¹/₈
This can also be written as negative six and 1 over 8
Thus, we conclude that the solution to the algebra 2 and 1 over 10 times negative seven times 5 over 12 is; negative six and 1 over 8
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Answer:
y=-5*x+5
Step-by-step explanation:
the critical point are (5,0) and (0,1). the equation of the system is y=a*x+b. you substite y as 5 and 0 and x as 0 and 1 and you get it
