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natima [27]
2 years ago
9

Evaluate

Mathematics
1 answer:
Diano4ka-milaya [45]2 years ago
5 0

Answer:

-36

Step-by-step explanation:

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A construction company is considering submitting bids for contracts of three different projects. The company estimates that it h
julsineya [31]

Answer:

a.P(x)=\frac{n!}{x!(n-x)!}*p^{x}*(1-p)^{n-x}\\

b. E(x) = 0.3

c. S(x)=0.5196

d. E=5,000

Step-by-step explanation:

The probability that the company won x bids follows a binomial distribution because we have n identical and independent experiments with a probability p of success and (1-p) of fail.

So, the PMF of X is equal to:

P(x)=\frac{n!}{x!(n-x)!}*p^{x}*(1-p)^{n-x}\\

Where p is 0.1 and it is the chance of winning. Additionally, n is 3 and it is the number of bids. So the PMF of X is:

P(x)=\frac{3!}{x!(3-x)!}*0.1^{x}*(1-0.1)^{n-x}\\

For binomial distribution:

E(x)=np\\S(x)=\sqrt{np(1-p)}

Therefore, the company can expect to win 0.3 bids and it is calculated as:

E(x) = np = 3*0.1 = 0.3

Additionally, the standard deviation of the number of bids won is:

S(x)=\sqrt{np(1-p)}=\sqrt{3(0.1)(1-0.1)}=0.5196

Finally, the probability to won 1, 2 or 3 bids is equal to:

P(1)=\frac{3!}{1!(3-1)!}*0.1^{1}*(1-0.1)^{3-1}=0.243\\P(2)=\frac{3!}{2!(3-2)!}*0.1^{2}*(1-0.1)^{3-2}=0.027\\P(3)=\frac{3!}{3!(3-3)!}*0.1^{3}*(1-0.1)^{3-3}=0.001

So, the expected profit for the company is equal to:

E=-10,000+50,000(0.243)+100,000(0.027)+150,000(0.001)\\E=5,000

Because there is a probability of 0.243 to win one bid and it will produce 50,000 of income, there is a probability of 0.027 to win 2 bids and it will produce 100,000 of income and there is a probability of 0.001 to win 3 bids and it will produce 150,000 of income.

5 0
3 years ago
Twelve subtracted from twelve times a number is 240. What is the number?
vovangra [49]

Answer:

21

Step-by-step explanation:

Let x = the number

12x-12 = 240

12x = 252

x = 21

5 0
2 years ago
Is <br><br> Y=-3/4x -2 <br> Y=3/4x+1 <br><br> One solution many solution or no solution
Mama L [17]
I’m not sure what I can do
8 0
3 years ago
A middle school band uses a company to manage its fundraisers. The company charges a fee of $260 per fundraiser for its services
Pachacha [2.7K]

Answer:

c\leq 96

Step-by-step explanation:

plz crown

8 0
3 years ago
Solve the equation<br> 7h-5(3h-8) = 72
frosja888 [35]

Answer:

h = -4

Step-by-step explanation:

7h-5(3h-8) = 72

Distribute

7h - 15h +40 = 72

Combine like terms

-8h +40 = 72

Subtract 40 from each side

-8h+40-40 = 72-40

-8h = 32

Divide each side by -8

-8h/-8 = -32/-8

h = -4

3 0
3 years ago
Read 2 more answers
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