Im pretty sure the answer is a
Grant needs to ride at least 13.33 miles to male at least $ 15.00 a day
<em><u>Solution:</u></em>
Given that Grant has an agreement with Brian to rent the bike for $35.00 a night
He charges customers $3.75 for every mile he transports them
Grant needs to make at least $15.00 a day
To find: miles needed to ride
From given question, He charges customers $3.75 for every mile he transports them
So if he transports for "x" miles he would get,
So the profit he gets is $ 3.75 and initial cost invested to rent bike is $ 35. Also, Grant needs to make at least $15.00 a day
So we can frame a inequality as:
So he needs to ride atleast 13.33 miles to male atleast $ 15.00 a day
Answer: R(x) = 0.25x + 500
Flat fee is computed by:
The sales price of each tile is 0.25 and the customer only bought 10,000 tiles.
So, $0.25 x 10,000 = $2500
So the total sales price per tile sold was $2,500.
The buyer paid $3,000, so the flat fee was included there.
So, $3,000 - $2,500 = $500
So the flat fee was $500.
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The revenue function is the total income from producing the units. And it has a equation of: R(x) = price per unit x number of units sold plus any fee that is included
So the function describing the revenue of the tile from this sale is:
R(x) = 0.25x + 500
For 1 play, the chance of gaining $8 is 4/38, while the chance of losing the $1 is 34/38. Therefore, the expected value is ($8)(4/38) + ($-1)(34/38) = $(-1/19). Over 50 plays, which are mutually independent of each other, we multiply the number of plays by the expected value to get $(-50/19) = $-2.63.
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