Answer:
<u>$4800</u>
Step-by-step explanation:
The expected net income is the probability when rains multiplied by net income (profit) summed with the probability of not raining with that days net income multiplied.
First, Chance of rain = 12% = 12/100 = 0.12
Profit/Loss = Income - Cost
Income is 5000
Cost = 9000
So,
Loss = 5000 - 9000 = 4000
Or, Net Income (profit) = - 4000
Now, Change of not raining = 100 - 12 = 88% = 88/100 = 0.88
Profit = Income - Cost
Income = 15,000
Cost = 9000
Net Income (profit) = 15000 - 9000 = 6000
So, we can write the expected net income as:
<u>Expected NI </u>= (0.12)(-4000) + (0.88)(6000) = <u>$4800</u>
Answer: -2
Step-by-step explanation:
Answer:
b,c,e
Step-by-step explanation:
9514 1404 393
Answer:
340
Step-by-step explanation:
The ratio of natural to synthetic is give as ...
5 : 8
Then the ratio of natural to total would be ...
5 : (5+8) = 5 : 13
The amount of natural oil in 884 total liters of oil will be ...
(5/13)(884 L) = 340 L
884 liters of Petrolyn oil will contain 340 liters of natural oil.
