Complete the equation. 5x + 5.2 10.0
1 answer:
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Let the average profit or loss in year 2006 be x millions,
The average profit for the 8-year period, is the total sum of the profits (or losses) of each year, divided by 8:
so we have:
x=8-10.45=-2.45
Answer: the loss in 2006, was 2.45 million dollars
The average profit for the 8-year period, is the total sum of the profits (or losses) of each year, divided by 8:
so we have:
x=8-10.45=-2.45
Answer: the loss in 2006, was 2.45 million dollars
<u>Answer:</u>
The expected value of construction company is $30500.
<u>Solution:</u>
Given, A construction company is planning to bid on a building contract.
The bid costs $1,500 and has an 80% chance of being accepted.
If accepted, the company will receive $40,000 dollars.
We have to find the expected value.
We know that,
Expected value = probability amount gained by bidding – bid amount
Expected value = 80% x 40000 – 1500
Expected value = 0.8 x 40000 – 1500
Expected value = 32000 – 1500
Expected value = 30500
Hence, the expected value is $30500.