For location 1:Probability of success = 0.5
Probability of failure = 1 - Probability of success = 0.5
Expected Value for Location 1 will be:
For location 2:Probability of success = 0.75
Probability of failure = 1 - 0.75 = 0.25
So, expected value for Location 2 will be:
The expected value from Location 2 is larger than Location 1, so Location 2 must be used to open up a bakery.
You multiply 1500 by 3 percent and get 45. 1500-45 = 1455. So $1455
The withdrawal fee will not take the compund rate, so, you should apply the usual formula for not compound rate,
<span>
400⋅0.025/12⋅3=2.50
</span><span>Where we divide the APR to adapt to a monthly base, and then multiply the number of months.</span>
Answer:
V = 1/3 * πr²*h
Step-by-step explanation:
That's the formula for volume of a cone