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Alex787 [66]
3 years ago
6

In the Hawaiian Beach Boy surf board vendor scenario, what if the fine was increased to $190 but the probability of a fine decre

ased to one in 20 days, 5%? What would be the expected value – Exp(RS) -- of continuing to rent surfboards? Assume the other numbers stay the same. He makes $300/day and to rent boards from friends costs him $100 a day. So, he makes $200 a day. Write out the expected value formula, plug in the numbers, and show the math. Hint: the Exp(RS) should be higher than the previously calculated $160.
Mathematics
1 answer:
zloy xaker [14]3 years ago
5 0

Answer:

$190.50

Step-by-step explanation:

Expected value is the sum of each possible income multiplied by its probability.

There's a 5% chance that the vendor makes $200 and loses $190 (net gain of $10).

There's a 95% chance that the vendor makes $200 and loses $0 (net gain of $200).

So the expected value is:

Exp(RS) = $10 × 0.05 + $200 × 0.95

Exp(RS) = $190.50

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Answer:

Step-by-step explanation:

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For the reason just given, 51 was not the starting point. It would just keep on printing 51.

D is obviously wrong because A and B are wrong.

The answer is C

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3 years ago
The average of four numbers is 85. If three of the numbers are 76, 78, and 81, what is the
valkas [14]
The fourth number would be 105 like 98% sure
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2 years ago
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Avery and Caden have saved $27,000 towards a down payment on a house. They want to keep some of the money in a bank account that
AfilCa [17]

Answer:

They should put $6750 in the bank account and $20,250 in the stock fund.

Step-by-step explanation:

Consider the provided information that Avery and Caden have saved $27000.

Let <em>x</em> is the money deposit in the bank and <em>y</em> is the money deposit in stock fund.

Therefore,

<em>x</em> + <em>y</em> = 27000

<em>x</em>  = 27000 - <em>y</em>

The bank account will pay 2.4% annual interest.

\frac{2.4}{100}x+x=1.024x

Stock fund pays 7.2% annual interest.

\frac{7.2}{100}y+y=1.072y

Therefore,

1.024 <em>x</em> + 1.072 <em>y</em> = 1.06 × 27000

Substitute the <em>x</em>  = 27000 - <em>y</em> in above equation.

1.024 (27000 − <em>y</em>) + 1.072 <em>y</em> = 1.06 × 27000

27648 − 1.024 <em>y</em> + 1.072 <em>y</em> = 28620

0.048 <em>y</em> = 28620-27648

0.048 <em>y</em> = 972

<em>y</em> = 20250

Now, substitute the <em>y</em> = 20250 in <em>x</em>  = 27000 - <em>y</em>.

<em>x</em> = 27000 − 20250

<em>x</em> = 6750

Hence, they should put $6750 in the bank account and $20,250 in the stock fund.

7 0
3 years ago
Help its timed 12 pts​
Marta_Voda [28]

Answer:

A

Step-by-step explanation:

I think your right!

5 0
1 year ago
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You need a 75 % alcohol solution. On hand, you have a 260 mL of a 30% alcohol mixture. You also have 95 % alcohol mixture . How
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2 years ago
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