The solution would be where the lines cross each other
they cross at (3,4) and (5,12)
1:6
You reduce the scale like a fraction
Answer:
The value of the expected profit from the concert is 8,910
Step-by-step explanation:
Profit on a clear day X₁ = 36,000 with 13% probability.
i.e X₁ = 36000
P(X₁) = 0.13
Profit on a cloudy day = 17,000 with 39% probability.
i.e X₂ = 17000
P(X₂) = 0.39
else,
loss of 5,000 if it rains with the probability of 48%.
i.e X₃ = 5000
P(X₃) = 0.48
The value of the expected profit from the concert is obtained as follows
Expected Value = (36,000*0.13) + (17,000*0.39) - (5,000*0.48)
= 4,680 + 6,630 - 2,400
= 8,910
Yap,
It seems to me that there are two answers. Both y = .5x and y = 12x. Direct variation is what I'm thinking of so hopefully this helps.
BTW - with Direct Variation, the line will go through (0, 0).
