Answer:
$3,000
Step-by-step explanation:
There two possible outcomes:
There is a 3/4 chance that the bid is rejected for a value of -$1,400
There is a 1/4 chance that the bid is accepted for a value of $17,600 - $1,400.
The expected value of the situation is:
The expected value is $3,000.
Answer:
g(x) =
Step-by-step explanation:
Exponential function 'g' that can be written as g(x) = a.bˣ
From the graph attached,
Graph of the function passes through two points (0, 9) and (1, 3)
g(0) = a.b⁰
9 = a
Similarly, g(1) = a.b¹
3 = a.b
3 = 9(b)
b =
Therefore function will be,
g(x) =