Answer:
In order to calculate the expected value we can use the following formula:
And if we use the values obtained we got:
Step-by-step explanation:
Let X the random variable that represent the number of admisions at the universit, and we have this probability distribution given:
X 1060 1400 1620
P(X) 0.5 0.1 0.4
In statistics and probability analysis, the expected value "is calculated by multiplying each of the possible outcomes by the likelihood each outcome will occur and then summing all of those values".
The variance of a random variable Var(X) is the expected value of the squared deviation from the mean of X, E(X).
And the standard deviation of a random variable X is just the square root of the variance.
In order to calculate the expected value we can use the following formula:
And if we use the values obtained we got:
Answer:
8710 units
Step-by-step explanation:
<em>Step 1: Write all the data</em>
Fixed cost: $9000
Average variable cost: 9.3 per unit
Total cost: 90,000
Total units: x
<em>Step 2: Find the total variable cost</em>
Average variable cost is per unit so it has to be multiplied by the number of units to find the total variable cost.
Total variable cost = average variable cost per unit x number of units
Total variable cost = 9.3x
<em>Step 3: Make the formula for finding x</em>
Total cost = total fixed cost + total variable cost
90,000 = 9000 + 9.3x
81000 = 9.3x
x = 8709.67
Rounded off to 8710 units
!!
Answer:
thanks again man!!!! wooo