What is the reciprocal of 3?
1 answer:
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Answer:
Minimum number of units sold to make profit is equal to 20
Step-by-step explanation:
Revenue earned by the company as a function of number of units sold as x:
R(x) = 0.55x
Cost for selling units as a function of number of units sold as x:
C(x) = 10 + 0.05x
<em>Net profit earned by the company = (Revenue earned by the company) - (Cost of selling units)</em>
P(x) = (0.55x) - (10 + 0.05x)
P(x) = 0.55x - 10 - 0.05x
P(x) = 0.5x - 10
To earn profit the following condition should satisfy: P(x) ≥ 0
0.5x - 10 ≥ 0
0.5x ≥ 10
x ≥
x ≥ 20
Answer:
a) 0.1091
b) 0.9994
c) 0.5886
Step-by-step explanation:
X = the number of fish out of 20 that die after 24 hours
x = 0, 1, 2, . . . , 20
X~ Binomial (n= 20, p =0.20)
P(14 survive) = P(X = 6)
= =0.1091
Similarly we can find out
P(at least 10 survive) = P( X <= 10 ) = (Using technology) = 0.9994
P(at most 16 will survive) = P(X <= 16) = (Using technology) = 0.5886