Answer:
The value of the expected profit from the concert is 8,910
Step-by-step explanation:
Profit on a clear day X₁ = 36,000 with 13% probability.
i.e X₁ = 36000
P(X₁) = 0.13
Profit on a cloudy day = 17,000 with 39% probability.
i.e X₂ = 17000
P(X₂) = 0.39
else,
loss of 5,000 if it rains with the probability of 48%.
i.e X₃ = 5000
P(X₃) = 0.48
The value of the expected profit from the concert is obtained as follows
Expected Value = (36,000*0.13) + (17,000*0.39) - (5,000*0.48)
= 4,680 + 6,630 - 2,400
= 8,910
<h2>Hey there!</h2><h2>

</h2><h2 /><h2>

</h2><h2>
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</h2><h2>Good luck on your assignment and enjoy your day! </h2><h3>~
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</h3>
Answer:
x = 15
Step-by-step explanation:
A full circle = 360°
Therefore,
(8x - 10)° + (6x)° + (10x + 10)° = 360°
Solve for x
8x - 10 + 6x + 10x + 10 = 360
Add like terms
24x = 360
Divide both sides by 24
x = 360/24
x = 15
Answer:
39 & —34
Step-by-step explanation:
ATTACHED PICTURE!
Answer:
2.666666667
Step-by-step explanation:
12in=1ft
3ft=1yd
96/12=8
8/3=2.666666667