When you first pick a ticket, there are 2 winning tickets and 40 total tickets. This means that there is a 2/40 chance of your ticket being a winning one. This fraction can be reduced to 1/20.
After this, there will be 1 winning ticket left and 39 total tickets. There is a 1/39 chance of the next ticket being a winning one. We multiply these two fractions together to get our answer. 1/20 * 1/39 = 1/780, so there is a 1/780 chance of having 2 winning tickets.
Answer: 50/110 simplified is 5/11
Step-by-step explanation:
50/110
50/10=5
110/10=11
5/110=5/11
A) The peak of the curve has coordinates (3, 45). Thus the maximum is 45 hundred dollars. It occurs when 3 hundred dollars are spent on advertisiing.
The maximum possible monthly profit of the shop is about $4500.
b) The x interval over which P(x) is greater than zero appears to be 0 to 10 hundred dollars. What is not clear from the question is whether the expected answer is (0, 10) or (0, 1000).
c) The maximum profit is earned when $300 is spent on advertising.
Given that
starting outstanding balance = $150000
rate of interest = 7.5% per year
so rate of interest for 1 month = (7.5/12)% = 0.635%
outstanding balance before 1st monthly payment = starting outstanding balance + 0.625% of interest on starting outstanding balance
= 150000 + (0.625 /100) × 150000
= 150000 + 937.5 = $150937.5
Reduction = outstanding balance after one month - first monthly payment
Reduction = $150937.5 - 1010.10 = 149927.40
so out of first payment of $1,010.10 , $937.5 goes towards interest and remaining $72.6 goes towards reduction of principal that is 150000 - $72.6 = 149927.40.
so correct option is B that is $149927.40.
