If i remember correctly 500*3.2%=16 and 16*4 equals $64.
Answer:
A. 129.46
B. 130.00
C. 130.66
D. 134.56
The correct answer is c. 130.66
Step-by-step explanation:
Answer:
The mean number of adults who would have bank savings accounts is 32.
Step-by-step explanation:
For each adult surveyed, there are only two possible outcomes. Either they have bank savings accounts, or they do not. So we use the binomial probability distribution to solve this problem.
Binomial probability distribution
Probability of exactly x sucesses on n repeated trials, with p probability.
The expected value of the binomial distribution is:

In this problem, we have that:

If we were to survey 50 randomly selected adults, find the mean number of adults who would have bank savings accounts.
This is E(X) when
.
So

The mean number of adults who would have bank savings accounts is 32.
Answer:
$68
Step-by-step explanation:
We have been given the demand equation for Turbos as
, where q is the number of buggies the company can sell in a month if the price is $p per buggy.
Let us find revenue function by multiplying price of p units by demand function as:
Revenue function: 

Since revenue function is a downward opening parabola, so its maximum point will be vertex.
Let us find x-coordinate of vertex using formula
.



The maximum revenue would be the y-coordinate of vertex.
Let us substitute
in revenue formula.




Therefore, the company should sell each buggy for $68 to get the maximum revenue of $18,496.
Answer:
The maximum will be 78
Step-by-step explanation: