Please help and I will give brainliest if CORRECT
2 answers:
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Answer:
The fruit company’s expected returns are 10.8%
Step-by-step explanation:
The expected returns of the fruit company is given by
For the given case,
Returns in normal rainfall = x₁ = 20% = 0.20
Returns in drought = x₂ = -3% = -0.03
Probability of normal rainfall = P(x₁) = 60% = 0.60
Probability of drought = P(x₂) = 40% = 0.40
So, the expected value of returns is
Therefore, the fruit company’s expected returns are 10.8%
Answer:
The equation of the straight line is x - 2y +6 =0
Step-by-step explanation:
<u>Explanation:</u>-
Given a point ( 2, 4) and slope m =
The equation of the straight line passing through the point and having slope 'm'
y - y₁ = m ( x - x₁)
y - 4 = ( x - 2)
2( y -4) = ( x-2)
2 y - 8 = x -2
x - 2 y - 2 + 8 =0
x - 2y + 6 =0
The equation of the straight line is x - 2y +6 =0