Answer:
$0.92
Step-by-step explanation:
Since only one ticket out of the 250 wins a 230 dollar prize, the expected payoff is 230/250=0.92. Hope this helps!
Answer:
P = ![\frac{QL}{200}](https://tex.z-dn.net/?f=%5Cfrac%7BQL%7D%7B200%7D)
Step-by-step explanation:
Given
Q = ![\frac{200P}{L}](https://tex.z-dn.net/?f=%5Cfrac%7B200P%7D%7BL%7D)
Multiply both sides by L to clear the fraction
QL = 200P ( isolate P by dividing both sides by 200 )
= P
Answer: 67
Step-by-step explanation:
Let x = number of passengers.
Case M: x< =75 (no refund)
Cost per passenger = $230
To generate the revenue, we should satisfy
230x =15990
x = 69.5
Set x = 67 in order to generate the revenue.
Case N: x>75
Cost per passenger minus refund = 230 - 5 = $225
Therefore
225x = 15990
x = 71.1
Because x<75, ignore this answer.
More than 75 passengers will generate more than $15990.
Answer:
I believe the answer is C
The correct answer is A buddy.