Answer:
The value of the expected profit from the concert is 8,910
Step-by-step explanation:
Profit on a clear day X₁ = 36,000 with 13% probability.
i.e X₁ = 36000
P(X₁) = 0.13
Profit on a cloudy day = 17,000 with 39% probability.
i.e X₂ = 17000
P(X₂) = 0.39
else,
loss of 5,000 if it rains with the probability of 48%.
i.e X₃ = 5000
P(X₃) = 0.48
The value of the expected profit from the concert is obtained as follows
Expected Value = (36,000*0.13) + (17,000*0.39) - (5,000*0.48)
= 4,680 + 6,630 - 2,400
= 8,910
I'm assuming that the line is JKL in order of the points from left to right.
JK + KL = JL
(17-x) + (2x-7) = JL
Simplify.
10-x = JL
1. ratio = 2 c of dressing / 4 lb of vegetables
Use two variables: d for the number of c of dressing and v for the number of pounds of vegetables.
Then d / v = 2/4 = 1/2 => d = v/2
Now you can make a table
v d
2 1
4 2
6 3
8 2
And you can draw a line for the points (2,1); (4,2); (6,3), (8,4) ... the slope of the graph is the ratio = 1/2
b) I already did it above as part ot the explanation: d/v = 1/2
