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:
8,000 words
Step-by-step explanation:
If a typewriter types 750 words per hour and she types 8 hours a day she would write 8,000 words a day because 750 x 8 = 8,000.
Answer:
x= - 3.5
y= - 6.5
Step-by-step explanation:
-3x+y = 4 equation 1
-9x + 5y = -1 equation 2
and
equation 1 can be written as
y = 4+ 3x
so put this in equation 2
-9x + 5 ( 4+ 3x) = -1
-9x +20 +15x = -1
6x = -21
X= -21 ÷ 6
X = - 3.5
so put this value of x in equation 1 to find value of y
-3 ( -3.5) + y = 4
10.5 + y = 4
y = 4 - 10.5
Y = - 6.5
