Answer:
Look below
Step-by-step explanation:
Part A: Equation would be in the y=mx+b format. m, or the slope, would be the cost that varies depending on the number of things that happen so m=3.25. b would be the fix cost so it is 15 so the equation ends up being y=$3.25x + $15.
Part B: Initial value is 15 since it is the fix cost, and 3.25 is the rate of change since it added as the number of rides increase.
Part 3: To solve this you substitute 7 into x so y=$3.25(7) + $15 = $37.75
I hope this explains it well.
Answer:
The expected value of profit is -0.5125. This is expected loss as value is negative.
Step-by-step explanation:
We are given the following in the question:
P(winning) = 0.075
Thus,
P(Loosing) =

If we win we gain a profit of $5.50 and if we loose the lottery, we loose $1.
Thus, we can form the probability distribution in the following manner:
Event: Winning Loosing
Profit(x): +5.50 -1
P(x): 0.075 0.925
We have to calculate the expected value of the profit.

Thus, the expected value of profit is -0.5125. This is expected loss as value is negative.
Answer:
Its going to be C on 2020 edg
Step-by-step explanation:
Answer:
63
Step-by-step explanation: