John works a fortnightly wage of $750.00. If his basic week is 40 hours. what is his: Weekly wage basic rate and basic fortnight
1 answer:
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Answer:
Step-by-step explanation:
Hi there!
Since we are given the slope and the y-intercept of the line, we can very easily identify the equation of the line.
Slope-intercept:
y=mx+b
Plug in the values:
Thus, is the equation of the line.
Hope it helps! Enjoy your day!
~Just a teen willing to help others :)
Answer:
The expected revenue of the tour operator is 985.
Step-by-step explanation:
There are two outcomes:
Either less than 21 tourists show up and the operator does not have to pay anything. Or 21 tourists show up and the operator has to repay 100.
Anyways, initially he gets the price of all the tickets sold. That is 21 each at 50, so .
Then, we need to find the probability that all of the 21 tourists show up. In this case, we have to subtract 100 from the revenue.
Each tourist has a 0.02 probability of not showing up. This means that each has a 1-0.02 = 0.98 probability of showing up. So the probability P that all 21 tourists show up is .
So, the expected revenue of the tour operator is
Rounded up, the expected revenue of the tour operator is 985.