Answer:
P = $240,000 – $196,000 = $44,000.
The expected value is a weighted average of each possible value weighted by its probability.
EV = ($44,000)(0.75) + ($–196,000)(0.25) = $–16,000.
The expect average profit is $–16,000.
The company should not make the product.
Step-by-step explanation:
ED
You can see that each time x increases by 1, y increases by 5. This means that the coefficient of x is 5 (if you graphed it, the slope would be 5). To find what value to add at the end, you can look at what y is when x equals 0. In this case, that is -2 (on a graph, -2 would be the y-intercept).
Answer:
12
Step-by-step explanation:
The average is calculated as
average = 
= 
= 
= 12
$500 x 0.12 = $60
$500 x 0.88 = $440
<span>What is the marking amount? $60
What is the selling price? $440</span>
The actual block is 1800 feet long and 1260 feet wide. We know that 1 foot is equivalent to 12 inches.
Luke is now using the Feet scale measurement.
Solving for the area in square inches is shown below:
Area = L * W
Area = (1800 feet *12 inches/1 foot) * (1260 feet *12 inches/1 foot)
Area = 326.592 x10^6 inches²
