
Explanation:
Since we have given that
The prices of three t-shirts styles i.e $24, $30, $36 with their probability is given by

As we know that,


Now,

and

So,

So, the expected value of a t-shirt = $31.
Answer:
1240
Step-by-step explanation:
the explanation is very long but I hope this is correct!
Answer:
10.7(4.2)+15.9 equals 60.84
51.25+43.85+14 equals 109.1
Given:
Principal = <span>£100
Interest rate = 6%
Interest = </span><span>£12
Simple Interest is computed by multiplying the principal by its interest rate and term
Interest = Principal * rate * term
12 = 100 * 0.06 * term
12 = 6 * term
12/6 = term
2 = term
It will take 2 years for </span>£100 to earn <span>£12 at 6%</span>