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Neporo4naja [7]
3 years ago
6

A cd has 5% chance of being a smash hit an profiting $5.2 million a 50% chance of being a modest success and profiting $0.9 mill

ion and a 45% chance of being a flop what is the expected earning value of the cd
Mathematics
1 answer:
Aleksandr [31]3 years ago
3 0

Answer:

710,000

Step-by-step explanation:

P(S) = Probability of Smash = 0.05 (5%)

P(M) = Probability of Modest = 0.5 (50%)

P(F) = Probability of Flop = 0.45 (45%)

Use the discrete random variable model,

E(X) = (0.05 * 5.2) + (0.5 * 0.9) + (0.45 * 0)

= 0.26 + 0.45 + 0 = 710,000

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4 years ago
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zmey [24]
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With simpler decimals, this is a bit easier so I'll explain that first to make sure you get the basic idea. 

Let's say you had a decimal for .75 and wanted to create the fraction mathematically. To do this you would:

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When you simplify that fraction by dividing by 25, you of course get 3/4

Now on to your more complicated question:

Let's assign a variable to your repeating decimal so:

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Now, let's identify the repeating digits, here they are .15

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Now you have two equations, they are:

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Combine the equations into one equation:

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