Answer: it will take 40 rides to break even.
Step-by-step explanation:
Profit = Revenue - total cost
At the point of break even, there is no profit. It means that
revenue = total cost
The cost c (in dollars) for the fuel and maintenance of a go-cart is given by
c = 10x + 1200
where x is the number of rides. It costs $40 per ride. This means that the revenue gotten from x rides is 40x.
In order to break even, it means that
40x = 10x + 1200
40x - 10x = 1200
30x = 1200
x = 1200/30
x = 40
Answer:
The expected value of this game is -$0.26.
Step-by-step explanation:
Expected value:
Each possible earning/loss multiplied by it's probability.
Probability:
Number of desired outcomes divided by the number of total outcomes.
In this question, the order in which the numbers are chosen is not important. So we use the combinations formula to solve.
Combinations formula:
is the number of different combinations of x objects from a set of n elements, given by the following formula.
Probability of winning:
Desired outcomes:
The 6 correct numbers, so
Total outcomes:
6 numbers from a set of 21. So
Probability:
Expected value
probability of earning 40,000.
probability of losing 1. So
The expected value of this game is -$0.26.
Line p and q are not parallel, because the two given alternate interior angles are not congruent. (It’s B)