Which of the following is an example of theoretical probability?
2 answers:
Answer:
Option A and D are correct Option.
Step-by-step explanation:
Theoretical Probability: Probability based on reasoning written as a ratio of the number of favorable outcomes to the number of possible outcomes.
that is
Option A:
Number of favorable outcome = 4
Total number of outcome = 52
Thus, This is an example of Theoretical Probability.
Option B:
Number of favorable outcome =
Total number of outcome =
Thus, This is not an example of Theoretical Probability.
Option C:
Number of favorable outcome =
Total number of outcome =
Thus, This is not an example of Theoretical Probability.
Option D:
Number of favorable outcome =
Total number of outcome =
Thus, This is an example of Theoretical Probability.
Therefore, Option A and D are correct Option.
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Answer:
a) Demand function:
b) The rebate should be of $200, so the sale price becomes $300 per unit.
c) The rebate should be of $150, so the sale price becomes $350 per unit.
Step-by-step explanation:
a) In this case, we have a known point of the demand function (1000 units sold at $500), and the slope of a linear function (increase by 100 units fora decrease in $10).
We can express the demand function (linear) as:
To calculate the slope m, we use:
To calculate b, we use the known point and the calculated slope:
Then the demand function is:
b) The revenue can be expressed as:
To maximize, we can derive and equal to zero
The rebate should be of $200, so the sale price becomes $300 per unit.
c) If we take into account the cost, we have that
To maximize, we can derive and equal to zero
The rebate should be of $150, so the sale price becomes $350 per unit.