Answer:
$190.50
Step-by-step explanation:
Expected value is the sum of each possible income multiplied by its probability.
There's a 5% chance that the vendor makes $200 and loses $190 (net gain of $10).
There's a 95% chance that the vendor makes $200 and loses $0 (net gain of $200).
So the expected value is:
Exp(RS) = $10 × 0.05 + $200 × 0.95
Exp(RS) = $190.50
13-(3/2x)=37
3/2x=24
1.5x=24
x=16
Answer:
53.33% probability that one woman and one man will be chosen to be on the committee
Step-by-step explanation:
A probability is the number of desired outcomes divided by the number of total outcomes.
The order in which the members are chosen is not important, so we use the combinations formula to solve this question.
Combinations formula:
is the number of different combinations of x objects from a set of n elements, given by the following formula.

What is the probability that one woman and one man will be chosen to be on the committee?
Desired outcomes:
One woman, from a set of 2, and one man, from a set of 4. So

Total outcomes:
Two members from a set of 2 + 4 = 6. So

Probability:

53.33% probability that one woman and one man will be chosen to be on the committee
Answer:
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