Answer:
a) 0.1535
b) 0.4866
c) 0.8111
Step-by-step explanation:
The probability that the next call come within the next t minutes is:
According to this model,
a) the probability that a call in comes within 1/2 minutes is
=0.1535
b) the probability that a call in comes within 2 minutes is
=0.4866
c) the probability that a call in comes within 5 minutes is
=0.8111
5 times 3 times 8 is the correct answer, because it's like finding the volume.<span />
Answer is $31.25
Step by step
We know mark up is 112%
We know sell price (retail) after markup
We are looking for wholesale (original price)
So 112% of x = $35
1.12x = $35
Divide both sides by 1.12 to isolate x
X= 31.25