Answer:your cute
Step-by-step explanation:
Answer:
0.632
Step-by-step explanation:
Given that a homeowner is three times as likely to purchase additional jewelry coverage as additional electronics coverage
If probability of purchasing additional electronics coverage = p, then prob of purchasing jewelry coverage = 3p
The two events are independent hence joint probability is product of these two.
i.e. P(both) = 
This is given as 0.2

the probability that a homeowner purchases exactly one coverage.

= Prob he purchases I + prob he purchases II-2(prob he purchases both)

Answer:
The maximum revenue is 16000 dollars (at p = 40)
Step-by-step explanation:
One way to find the maximum value is derivatives. The first derivative is used to find where the slope of function will be zero.
Given function is:

Taking derivative wrt p

Now putting R'(p) = 0

As p is is positive and the second derivative is -20, the function will have maximum value at p = 40
Putting p=40 in function

The maximum revenue is 16000 dollars (at p = 40)