Answer:
The maximum revenue is $900, obtained with 30 people
Step-by-step explanation:
Naturally, the answer should be a number equal or higher than 20, because up to 20 persons, each one pays the same. Lets define a revenue function for x greater than or equal to 20.
f(x) = x*(40-(x-20)) = -x²+60x
Note that f multiplies the number of persons by how much would they pay (here, assuming that there are more than 20).
f is quadratic with negative main coefficient and its maximum value will be reached at the vertex.
The value of the x coordinate of the vertex is -b/2a = -60/-2 = 30
for x = 30, f(x) = 30*(40-(30-20))=30*30=900
So the maximum revenue is $900.
Answer:
The correct answer is B.) (4x - 7 + 5x + 5) and (9x + 12).
Answer: a) P = 0.5, b) P = 0.07
Step-by-step explanation:
Hi!
Lets call X₁ the time at which you arrive, and X₂ the time at which Bob arrives. Both are random variables with uniform density in the interval [0, 60] (in minutes). Their joint distribuition is uniform over the square in the image, with value P = 1/(60*60) = 1/3600.
a) For you to get more cake than Bob, you should arrive earlier. This event is A = { X₁ < X₂ }, the shaded triangle in the figure.The area of this event (set) is half the total area of the square, so P(A) = 0.5.
It makes sense, beacuse its equally probable for you or Bob to arrive earlier, as both have uniform density over the time interval.
b) In this case you arrive later than Bob, but less than 5 minutes later. So the event is B = { X₂ < X₁ < (X₂ + 5) } . This is the gray shaded area in b) part of the image. Its area is the difference two triangles (half square - blue triangle), then the probability is:
