First, find the expected number of scooters rented per month:
As the data is symmetrical, E(X) (the expected value) is the middle value. So, on average, 2.5 scooters should be taken per month.
His total costs were 5 * 3000 = $15,000
So, to break even, he needs to make $15,000.
He will be selling for 5 years, or 60 months.
As a result, he needs to make 15000/60 = $250/month
As he is selling 2.5 scooters on average, he needs to rent each for:
$250/2.5 = <u>$100/month</u>
I have 0 idea but I need help with some questions that I have
At this ratio, he would have counted 45 sedans if he had passed 18 pickups. The ratio between the pickups and the sedan is two by five, therefore he already has faced 9 times of this situation if he had already seen 18 pickups passed over. The number of sedans counted by him can be obtained by multiplying the sedans number of the ratio which is 5 with the number of the situation that had passed which is 9.
So, this is asking for any number that subtracts to = 16-7
Well, 16-7= 9 so use any two numbers that would subtract to equal 9
Like so:
11-2=9
18-9=9
34-25=9
-2-11=9
Etc....
Hope this helps! :)
