Six possibilities are equally likely and have payoffs of $2, $4, $6, $8, $10, and $12. the expected value is:
1 answer:
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Answer:
a)
b) $12,000
Step-by-step explanation:
We are given the following information in the question:
The cost C of moving rubble is proportional to the product of the mass M of the rubble and the distance D the rubble must be moved.
This can be written as:
a)
b) It costs 50 dollars to move 1 ton of rubble 1 mile
We have to find cost to move 16 tons 15 miles.
Putting the values in the function:
Thus, $12,00 is the cost to move 16 tons 15 miles.