It is known that 40% of adult workers have a high school diploma. If a random sample of 10 adult workers is selected, what is th
1 answer:
Answer:
The expected number of adult workers with a high school diploma is 4.
Step-by-step explanation:
This random variable X can be modeled with the binomial distribution, with parameters n=10 (the sample size) and p=0.4 (the probability that a adult worker have a high school diploma).
The expected value of X is then the mean of the binomial distribution with the parameters already mentioned.
This is calculated as:
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A manufacturing company has the following fixed monthly costs and unit variable costs:
Rent = $2,200
Utilities = $375
Variable costs for materials and assembly = $13.25/unit
Monthly labor = $750
Given is the product is sold at $24.99 per unit
Let the number of units sold be x
Adding total cost =
Equation becomes:
x= 283.21
So, rounding it to nearest whole number we get, 283 units.
Answer:
Final answer is approx 6.644 years.
Step-by-step explanation:
