The average salary is $18,725
To find the answer add up each job's salary then divide by the number of jobs.
28,700 + 18,600 + 14,66 + 13,00 = 74,900
Then divide 74,900 by 4 ( added 4 numbers )
A. subtract the bottom equation from the top equation
Step-by-step explanation:
The elimination method for solving systems of linear equations uses the addition property of equality. You can add the same value to each side of an equation. So if you have a system: x – 6 = −6 and x + y = 8, you can add x + y to the left side of the first equation and add 8 to the right side of the equation.
// have a great day //
3 OVER 4
or 0.75 best bet wold be the first one
Answer:
I'm pretty sure the equation would be b=4×12, the answer would be b=$48.00
Step-by-step explanation:
Note that
Answer:
Mary's risk premium is $0.9375
Step-by-step explanation:
Mary's utility function,
Mary's initial wealth = $100
The gamble has a 50% probability of raising her wealth to $115 and a 50% probability of lowering it to $77
Expected wealth of Mary, 
= (0.5 * $115) + (0.5 * $77)
= 57.5 + 38.5
= $96
The expected value of Mary's wealth is $96
Calculate the expected utility (EU) of Mary:-
![E_u = [0.5 * U(115)] + [0.5 * U(77)]\\E_u = [0.5 * 115^{0.5}] + [0.5 * 77^{0.5}]\\E_u = 5.36 + 4.39\\E_u = \$ 9.75](https://tex.z-dn.net/?f=E_u%20%3D%20%5B0.5%20%2A%20U%28115%29%5D%20%2B%20%5B0.5%20%2A%20U%2877%29%5D%5C%5CE_u%20%3D%20%5B0.5%20%2A%20115%5E%7B0.5%7D%5D%20%2B%20%5B0.5%20%2A%2077%5E%7B0.5%7D%5D%5C%5CE_u%20%3D%205.36%20%2B%204.39%5C%5CE_u%20%3D%20%5C%24%209.75)
The expected utility of Mary is $9.75
Mary will be willing to pay an amount P as risk premium to avoid taking the risk, where
U(EW - P) is equal to Mary's expected utility from the risky gamble.
U(EW - P) = EU
U(94 - P) = 9.63
Square root (94 - P) = 9.63
If Mary's risk premium is P, the expected utility will be given by the formula:

Mary's risk premium is $0.9375