Answer:
your answer would be 1/24
Step-by-step explanation:
this is because if you half it you get 5/120
then divide each by 5 to get 1/24
hope it helps!!
The probability of profiting $5.2 million is 5% = 0.05
The probability of profiting $0.9 million is 50% = 0.5
The probability of breaking even, meaning no profit gain, is 45% = 0.45
Expected profit values of the CD is given by
(0.05×5.2) + (0.5×0.9) + (0.45×0) = 0.26+0.45+0 = 0.71 million
The second one they do not have to pass trough (0,0)
24 because it’s the lowest multiple of 12 that’s also in 2,6 and 8
