Answer:
About 40% I think-
Step-by-step explanation:
Basically, you change 2/5 into a percentage and you should get 40 percent.
The probability of profiting $5.2 million is 5% = 0.05
The probability of profiting $0.9 million is 50% = 0.5
The probability of breaking even, meaning no profit gain, is 45% = 0.45
Expected profit values of the CD is given by
(0.05×5.2) + (0.5×0.9) + (0.45×0) = 0.26+0.45+0 = 0.71 million
18 = (240/100) x what;
what = 18 x (100/240);
what = 1800/240;
what = 7.5;
Volume =
The answer is the first option.
Hope this helps. - M
