The expected value if I have to pick one package given the price I would have to pay is $0.11.
<h3>What is the expected value?</h3>
The expected value is the cost you would have to pay subtracted from the total value of one package.
Total value of one package =[ (15 x 0.60) + (5 x 0.3) + (20 x 0.7)]/ (20 + 15 + 5) = $0.61
Expected value = $0.61 - $0.50 = $0.11
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Answer:
C
Step-by-step explanation:
The graph in this case represents exponential decline.
Number of shirts a department store bought = 200
Cost price of 200 shirts = $5400
Cost price of 1 shirt :


Thus, the cost price of one shirt = $27
Price at which the department store sold each shirt = $30
Which means :
▪︎Cost price of shirt = $27
▪︎Selling price of shrit = $30
Since selling price is greater than cost price, there was a markup in the price of the shirts.
We know that :

Markup percentage in the price of the shirts :





Thus, the percentage of markup = 
Therefore, the percentage of markup in the shirt's price = 
3x -x + 8 + 5x - 2 = 10
3x - x + 5x = 10 -8 +2
7x = 4
x = 7/4