Answer:
$3.25
Step-by-step explanation:
Given that:
Mean, λ = 1.4
Strike within next minute = $3 won
Strike between one and 2 minutes = $5
Strike more than 2 minutes = $1
Probability that next strike occurs within the next minute :
Using poisson :
P(x < 1) = 1 - e^-(λx) ;
P(x < 1) = 1 - e^-(1.4*1) = 1 - e^-1.4
P(x < 1) = 1 - 0.2465969
P(x < 1) = 0.7534030
Next strike occurs between 1 and 2 minutes :
(1 < x < 2) :
P(x < 2) - P(x < 1)
P(x < 2) = 1 - e^-(λx) ;
P(x < 2) = 1 - e^-(1.4*2) = 1 - e^-2.8
P(x < 2) = 1 - 0.0608100
P(x < 2) = 0.9391899
P(x < 2) - P(x < 1)
0.9391899 - 0.7534030 = 0.1857869
P(striking after 2 minutes)
P(x > 2) = e^-(λx) ;
P(x > 2) = e^-(1.4*2) = e^-2.8
P(x > 2) = 0.0608100
Amount charged :
(0.7534030 * 3) + (0.1857869 * 5) + (0.06081 * 1)
= 3.2499
= $3.25
Divide 12 by 72. this equals 6. then multiply. 7x6=47 3x6=18 and 5x6=30 there we go!
The property identity of multiplication is applied in the given statement.
<h3>
Properties of Multiplication</h3>
The properties of multiplication are:
- Distributive: a(b±c)= ab±ac
- Comutative: a . b = b. a
- Associative: a(b+c)= c(a+b)
- Identity: b.1=b
From the property identity, you know that the product between any number by the number 1 equals that number. Example: 3 • 1=3.
The question shows 10=10•1. Like, it was shown previously, this occurs due to the identity property of multiplication.
Read more about the identity property here:
brainly.com/question/23977324
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