1. A jeepney driver claims that his average monthly income is Php 3000.00 with a standard deviation of Php 300.00. A sample of 3
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so solve for "x", to see how much is the company paying for the purchase of 1 minute
now, they're plan to sell the minute for 8cents, how much is the profit?
that is, the difference from their cost of the cents to the planned selling price.
bear in mind, is 46,000,000 minutes, so whatever value you get for 1minute,
you need to multiply it for 46,000,000 to get the actual cost.
and the revenue from the sell of 8cents per minute, is of course, 8 * 46,000,000
profit = revenue - cost