Answer:
b. 0.38.
Step-by-step explanation:
You either win a prize or you don't. There are only 2 possibilities so the probability of not winning a prize = 1 - 0.62 = 0.38.
Starting with the least score it would be ; 9.25 , 9.325 , 9.5 , 9.675
We are given with the formula
p = 200k - 500
a) The constraint for this formula is obtained from the idea that the profit must be positive
200k - 500 > 0
k > 500/200
k > 2.5
b) To make 14000 profit
14000 = 200k - 500
k = 72.5 or 73 knives must be sold