Answer:
here you go
Step-by-step explanation:
1 is = 2 is >
Answer:
<em>Yes</em>
Step-by-step explanation:
The ratio for Danny would be 3 / 6 which simplifies to 1 / 2
For Jeff the ratio would be 2 / 4 which simplifies to 1 / 2 as well
First, find the expected number of scooters rented per month:
As the data is symmetrical, E(X) (the expected value) is the middle value. So, on average, 2.5 scooters should be taken per month.
His total costs were 5 * 3000 = $15,000
So, to break even, he needs to make $15,000.
He will be selling for 5 years, or 60 months.
As a result, he needs to make 15000/60 = $250/month
As he is selling 2.5 scooters on average, he needs to rent each for:
$250/2.5 = <u>$100/month</u>
I would like to say D) 300 if im understanding the question correctly
