Answer: $8,100
Step-by-step explanation:
If it does not rain, the producer stands to make a profit of $15,000.
If it rains, the producer will lose the $8,000 they invested.
The chance of rain is 0.3 which means the chance it does not rain is 0.7.
Producer's expected profit is the weighted average of these outcomes;
= (15,000 * 0.7) + ( -8,000 * 0.3)
= 10,500 + ( - 2,400)
= $8,100
The answer would be $13.875
Answer:14/3
Step-by-step explanation:
2(3x-4)=20
Divide both sides by2
2(3x-4)/2=20/2
3x-4=10
Add 4 to both sides
3x-4+4=10+4
3x=14
Divide both sides by 3
3x/3=14/3
x=14/3
Answer and Step-by-step explanation:
Answer:
Step-by-step explanation:
Given, 
, solve for x.
Multiply both sides by 2
Add x to both sides
