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Mrac [35]
2 years ago
15

He currently pays an AP$ of $1.87 per pound for fresh onions, but his yield is 50% after peeling and cooking the onions. What is

the EP$ for the fresh onions, after caramelizing?
Mathematics
1 answer:
PolarNik [594]2 years ago
3 0

Complete question :

Chef Charming and his mother sell cheese steak sandwiches at their food truck. They use fresh onions, and cook them slowly to caramelize them before putting them on their sandwiches.

Charming found a pre-cooked onion that was $8.3 per pound AP$, with 100% Yield. He wants to save money but isn't sure if that is a better deal than cooking the fresh onions himself.

He currently pays an AP$ of $1.87 per pound for fresh onions, but his yield is 50% after peeling and cooking the onions. What is the EP$ for the fresh onions, after caramelizing?

Answer:

$3.74

Step-by-step explanation:

Cost of fresh onions = $1.87 per pound

Percentage yield = 100% after caramelizing

Therefore EP$ for the fresh onions after caramelizing will be :

(1 + percentage yield) * cost of fresh onions

(1 + 100%) * $1.87

(1 + 1) * $1.87

2 * $1.87

= $3.74

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Answer:

C=120/2=60

Step by step Explanation'

To solve this problem, we will need to apply trial-and-error calculation with the binomial distribution, even though it appears like Central Limit Theorem but it's not.

For us to know the value of C , we will look for a minimum integer such that having 'n' number of high performance level of employee has the probability below 0.01.

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Let us represent X as the number of employees with high performance with a binomial distribution of

P =0.02( since the percentage of chance of achieving a high performance level is 2%)

n = 20 ( number of employees who achieve a high performance level)

The probability of X= 0 can be calculated

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P(X=0)=0.668

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P(X=2)=0.02^2*20*0.98^18

P(X=2)=0.053

Summation of P( X= 0)+ P( X= 1)+P( X= 2) will give us the value of 0.993 which is greater than 0.99( 1% that the fund will be inadequate to cover all payments for high performance.)

BUT the summation of P( X= 0)+ P( X= 1) will give the value of 0.94 which doesn't exceed the 0.99 value,

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then the maximum value that C can have is 120/n

C=120/2=60

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