Answer:
c. $100,000
Step-by-step explanation:
Calculation of the expected net profit of Ephemeral services corporation
Since we are been told that 9 other companies besides esco are as well bidding for the $900,000 government contract, it means we have to find the expected net profit by dividing 1 by 9×$900,000 .Thus ESCO can only expect to cover its sunk cost.
Hence ,
E(X) = (1/9) × $900,000
E(X)=0.111111111×$900,000
E(X)= $100,000
Therefore the expected net profit would be $100,000
Answer:
102.835≈103
Step-by-step explanation:
Answer:
t=10
Step-by-step explanation:
3t + 15 = 45
3t = 30
t = 10
Hope that makes more sense to you as to why 7/20 = 0.35
Tried a whole bunch of odd sequences:
11 + 13 + 15 = 39
Nope too small.
21 + 23 + 25 = 69
Woah too big!
And after a few more trials found that:
17 + 19 + 21 = 51
Woohoo!
