Answer:
A. The probability is 1/12. B. The probability is 1/10
Step-by-step explanation:
Answer:
just
Step-by-step explanation:
Answer:
The new balance is $675.8
Step-by-step explanation:
Solution
Given that
The total amount of loan = $820.
The terms were = 3/10, n/60
Within 10 days, the buyer sent in a payment of =$140
What is the new balance =?
Now,
3/10 = if the amount is paid in 10 days, a discount of is included
n/60 = This means that all amount should be paid within 60 days
Thus,
$140 for 3/10 as this is paid within 10 days
140 *3% = 140 * 3/100
we get
=$4.2 of discount
Then,
The balance amount becomes $ 820 - 140 -4.2
=$675.8
The expected value is the mean of the overall observed value or random value. In other words, it is the average of the observed values.
The expected value, E(x) of the given observation is 185
The given parameters can be represented as:

The following formula calculates the expected value:

So, we have:



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