The first one is the answer because he starts with $300 (which would be the b in this case) and he gets $5 for EACH customer (so that would be 5x)
Answer:
a.
b. 
c. 
d. 
Step-by-step explanation:
The probability that the company won x bids follows a binomial distribution because we have n identical and independent experiments with a probability p of success and (1-p) of fail.
So, the PMF of X is equal to:

Where p is 0.1 and it is the chance of winning. Additionally, n is 3 and it is the number of bids. So the PMF of X is:

For binomial distribution:

Therefore, the company can expect to win 0.3 bids and it is calculated as:

Additionally, the standard deviation of the number of bids won is:

Finally, the probability to won 1, 2 or 3 bids is equal to:

So, the expected profit for the company is equal to:

Because there is a probability of 0.243 to win one bid and it will produce 50,000 of income, there is a probability of 0.027 to win 2 bids and it will produce 100,000 of income and there is a probability of 0.001 to win 3 bids and it will produce 150,000 of income.
Answer: The equation is y = -6*x
Step-by-step explanation:
I suppose that we want to find the equation for a line that passes through the point (-1, 6) and the origin (remember that the origin is the point (0,0))
A general linear equation is written as:
y = a*x + b
Where a is the slope and b is the y-intercept.
If this line passes through the points (x₁, y₁) and (x₂, y₂), then the slope of the line is equal to:
a = (y₂ - y₁)/(x₂ - x₁)
Now we know that our line passes through the points (0, 0) and (-1, 6), then the slope is:
a = (6 - 0)/(-1 - 0) = 6/-1 = -6
Then our equation is something like:
y = -6*x + b
To find the value of b we can use the fact that this line passes through the point (0, 0).
This means that when x = 0, y is also equal to zero.
If we replace these values in the equation we get:
0 = -6*0 + b
0 = b
Then our equation is:
y = -6*x