thats a pretty cool last question!
The set given by the project grade is {1, 2, 3, 4, 5}. If the random variable, X, is the project grade, the mean of the probability distribution is determined by:
Sum = 1 + 2 + 3 + 4 +5
= 15
Mean of the probability distribution is 15/n, where n = 5
= 15/ 5
= 3
Week 1: $100
Week 2: $102
Week 3: $104.04
Week 4: $106.1208
Week 5: $108.243216
Week 6: $110.40808032
Week 7: $112.6162419264
Week 8: $114.868566764928
Total: $858.296905011328
(A=100[((1+0.02)^(8)-1)(/0.2)=858.29
Hope that helped!
36-4.5x+36=102-7.5x-60
72-4.5x=42-7.5x
72+3.5x=42
3.5x=-30
x=8.57
997/1000, or just round it to 1. <em>If I helped click thanks please (:</em>