A newsboy purchases papers at 10 cents and sells them at 15 cents. However, he is not allowed to return unsold papers. If his da
ily demand is a binomial random variable with n = 10 , p = 1 3 , approximately how many papers should he purchase so as to maximize his expected profit?
1 answer:
You might be interested in
<h3>Answer: Choice D. 
</h3>
The red angle markers show those two angles are congruent. That's one "A" of "ASA". The S refers to a congruent pair of sides. We don't have any tickmarks to indicate congruent pairs; however, we do know that QR = QR is a shared side that overlaps (reflexive theorem). So this is the "S" in "ASA".
The thing missing is the angle Q of the top triangle, and also of the bottom triangle as well. If we know those two angles are congruent, then we have enough info to use ASA. More specifically, if we know that , then we can use ASA.
One thing to notice is that the other answer choices involve side lengths and not angles. This implies that if A, B or C were one of the answers, then we would have something like SAS or SSS. But instead we want ASA. So we can immediately rule choices A,B, and C out.
Solution
- 89 gallons contains 40 gallons twice such that:
- This means that we can find at least 200% of 40 gallons in 89 gallons. This gives us what to expect.
- To get the percentage we are looking for, we should use the formula:
New, in this case, is 89 gallons, Old is 40 gallons.
- Thus, we can calculate the percentage as follows:
Thus, the answer is 222.5%