Answer:
μ = 1 The firm expects that one oil exploration will be successful.
v(x)= 0.9
Step-by-step explanation:
The first step is to define the random variable x as:
x: number of oil explorations being succesful
Then x can be take this values:
x = 0 , x =1 ... x =10
x is a binomially distributed random variable with parameters.
p = 0.1 and n=10
And the mean or the expected value of x is:
μ = E(x) = np
Then μ = 10*0.1 = 1
And the variance of x is:
V(x) = np(1-p)
V(x) = 10(0.1)(1-0.1)= 0.9
Answer:
(11√3)/3
Step-by-step explanation:
In order to solve for the variable, you will need to use a trig function. In this case, you will need to use the trig function tangent.
Tan = opposite/adjacent
⇒ Tan 30° = x/11
⇒ 11 · Tan 30° = x
⇒ (11√3)/3 = x
Answer:
$839.95
Step-by-step explanation:
Sales tax = 7 % × cost
Sales tax = 0.07 × 785
Sales tax = $54.95
=====
Cost = price + sales tax
Cost = 785 + 54.95
Cost = $839.95
The cost to purchase is $839.95.
