P(sum = 6) = 5/36 ; P(sum = 12) = 1/36
expected payoff = (5/36)(5) + (1/36)(9) = $0.94
Answer:
5.88235294118
Step-by-step explanation:
Step 1:
46h + 56h = 600 Equation
Step 2:
102h = 600
Step 3:
h = 600 ÷ 102
Answer:
h = 5.88235294118
Hope This Helps :)
This is exponential decay which can be expressed as:
y=ab^t, y=final value, a=initial value, b=rate, t=time
In this case a=25000, r=(100-20)/100=0.8 so
y=25000(0.8^t), so in 4.5 years...
y=25000(0.8^4.5)
y≈$9158.93 (to nearest cent)
So just add 1/8 and 2/8. add 1 plus 2 and the denominator (bottom number) stays the same so you get 3/8 then subtract 8/8 minus 3/8 so just 8 minus 3 is 5 and the denominator stays the same so you end up with 5/8 so 5/8 of the book remains unread
