Answer:
In solving an equation where one fraction is equal to another fraction we can use the method of cross-multiplication
⇒x+6x=107
Now multiply the red terms together, the blue terms together and equate them.
⇒10x=7(x+6)
distribute the bracket.
Answer:
42.64
Step-by-step explanation:
Answer:
a) E(y) = 0.8
b) The average subcharge is $165
Step-by-step explanation:
We are given the following distribution in the question:
y: 0 1 2 3
P(y): 0.50 0.25 0.20 0.05
a) E(y)

b) Expected value of subcharge
Subcharge =

Expected value of subcharge =

Thus, the average subcharge is $165