The Law of large numbers.
<h3>What is the Law of natural numbers?</h3>
The law of large numbers plays the main role in probability and statistics. It means that if you repeat an experiment independently so many times and average the result, what you get has to be close to the expected value.
An example of the Law of Large Numbers:
Let's assume that you rolled the dice three times and the outcomes were 6, 6, and 3. Then the average result is 5.
So, according to the law of the large numbers, if we roll the dice a large no. of times, then the average result should be closer to the expected value.
It also states that probability and statistics set a sample size that grows, and the mean of the sample size gets closer to the average of the entire population.
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Answer:
2376 square feet
Step-by-step explanation:
40 x 15 = 600
40 x 24 = 960
1/2 x (24 x 9) = 108
600 + 600 + 960 + 108 + 108 = 2376
The equation of the profit function is 300x - 3600
Total cost function C(x) = 74x + 3600
Total revenue function R(x) = 374x
The profit function is the difference between the total revenue and the total cost and this will be:
= R(x) - C(x)
= 374x - (74x + 3600)
= 374x - 74x - 3600
= 300x - 3600
In conclusion, the equation of the profit function is 300x - 3600
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