A retail ice cream salesman divides his working days into 'sunny', 'medium', and 'cold'. He estimates that the probability of it being sunny is 0.2, and cold 0.3. If his gross sales on these three types of day are $50, $35, and $10 respectively on average and his average daily costs are $18 on any day.

Required:
a. Complete the probability distribution.
b. Find his expected profit per day.

Answers

Answer 1

Answer:

30.5

Step-by-step explanation:

Let ;

Sunny = S ; Medium = M ; Cold = C

_____ S _____ M ___ C

__X : 50 ____ 35 ___ 10

P(X) : 0.2 ____ 0.5 __ 0.3

P(M) = 1 - (0.2 + 0.3)

P(M) = 1 - 0.5 = 0.5

Expected profit per day, E(X)

E(X) = sum of (X * p(x)

E(X) = (50 * 0.2) + (35 * 0.5) + (10 * 0.3)

E(X) = 10 + 17.5 + 3

E(X) = 30.5


Related Questions

what is the value of x ?
a. 10.4
b. 52
c. 61.6
d. 92

Answers

the answer is 10.4 because 180 - 128 is 52 then divide by 5 which gives you 10.4 :)

-7 2/3+(-5 1/2) +8 3/4=

Answers

Exact Form : -53/12
Decimal Form : -4.416
Mixed numbers : -4 5/12

Step-by-step explanation:

Please refer to the attachment

Test the claim that the mean GPA of night students is significantly different than the mean GPA of day students at the 0.02 significance level.
GPA-Night GPA-Day 3.15 3.47 3.68 3.49 3.34 3.07 3.07 3.31 3.31 3.28 3.2 3.05 3.07 3.12 2.8 3.5 3.04 3.04 3.13 3.19 3.54 3.26 3.24 3.31 3.02 3.45 3.44 2.9 2.79 2.76 3.18 2.69 2.99 3.46 3.28 3.09 3.16 2.72 3.08 3.14 2.47 3.08 3.03 2.99 3.02 3.11 2.58 2.84 3.36 2.99 3.04 2.99
(1) The null and alternative hypothesis would be:
a.H0:μN≥μD
H1:μN>μD.
b.H0:μN=μD
H1:μN≠μD.
c.H0:pN≥pD
H1:pN d.H0:pN=pD
H1:pN≠pD.
e.H0:μN≤μD
H1:μN<μD
f.H0:pN≤pD
H1:pN>pD.
(2) The test is:_______.
a. right-tailed.
b. two-tailed.
c. left-tailed.
(3) The sample consisted of 70 night students, with a sample mean GPA of 2.12 and a standard deviation of 0.08, and 70 day students, with a sample mean GPA of 2.08 and a standard deviation of 0.02

Answers

Answer:

Step-by-step explanation:

Test the claim that the mean GPA of night students is significantly different than the mean GPA of day students at the 0.02 significance level.

GPA-Night GPA-Day 3.15 3.47 3.68 3.49 3.34 3.07 3.07 3.31 3.31 3.28 3.2 3.05 3.07 3.12 2.8 3.5 3.04 3.04 3.13 3.19 3.54 3.26 3.24 3.31 3.02 3.45 3.44 2.9 2.79 2.76 3.18 2.69 2.99 3.46 3.28 3.09 3.16 2.72 3.08 3.14 2.47 3.08 3.03 2.99 3.02 3.11 2.58 2.84 3.36 2.99 3.04 2.99

(1) The null and alternative hypothesis would be:

a.H0:μN≥μD

H1:μN>μD.

b.H0:μN=μD

H1:μN≠μD.

c.H0:pN≥pD

H1:pN d.H0:pN=pD

H1:pN≠pD.

e.H0:μN≤μD

H1:μN<μD

f.H0:pN≤pD

H1:pN>pD.

(2) The test is:_______.

a. right-tailed.

b. two-tailed.

c. left-tailed.

(3) The sample consisted of 70 night students, with a sample mean GPA of 2.12 and a standard deviation of 0.08, and 70 day students, with a sample mean GPA of 2.08 and a standard deviation of 0.02

b + 10 = 60

Choose the answer that shows what to do in the process step, and what the solution (answer is).

Question Options:

add 10; b = 50

subtract 10; b = 50

multiply by 10; b = 50

divide by 10; b = 50

Answers

Subtract 10; b=50

If it's a sum then you need to subtract

Answer:

B

Step-by-step explanation:

Point P on a coordinate plane, located 3 units to the left of the vertical axis and 2 units below the horizontal axis.
A. (–3, –2)
B. (–3, 2)
C. (–2, –3)
D. (–3, –3)

Answers

Answer:

A. (-3,-2)

follow me please
Answer : A. (-3,-2)
This is the correct answer

what is the slope of the line through the points (-2,-1) and (4,3)

Answers

Answer:

2/3

Step-by-step explanation:

the slope is change of y divided by change of x

[tex]m = \frac{2}{3} [/tex]

Step-by-step explanation:-

[tex]( - 2, - 1) = (x {1} ,y {1}) [/tex]

[tex](4,3) = (x{2} ,y{2} )[/tex]

BY USING SLOPE OF LINE FORMULA

[tex]m = \frac{y2 - y1}{x2 - x1} [/tex]

[tex]m = \frac{(3 - ( - 1))}{(4 - ( - 2))} [/tex]

[tex]m = \frac{(3 + 1)}{(4 + 2)} [/tex]

[tex]m = \frac{4}{6} [/tex]

[tex]m = \frac{2}{3} [/tex]

what is log17 60 evaluated?

Answers

Answer:

1.77815125038

Step-by-step explanation:

Please help I need a quick answer

Answers

Answer:

the first one

Step-by-step explanation:

have a great day :D

Two functions are shown below.
f(x) = 2x
g(x) = x2 + 3x - 3
For what values of x is f(x) > g(x)?

Answers

Answer:

q

hey g(x) = x2 + 3x - 3

Step-by-step explanation:

es la respuesta

Using the coordinate plane shown below, a third point is plotted 5 units to the right of (-4, 4). Where should a fourth point be plotted in order to create a rectangle?



(1, -4)
(1, 4)
(4, -1)
(-4, 1)

Answers

The answer is (1, -4)

Answer:The answer is (1,-4).

Step-by-step explanation: Please mark this brainliest.

what is -2 x 3 i do not understand this and this is my last problem

Answers

Answer:

-6

Step-by-step explanation:

if they were both positive numbers, it would be 6. But when you multiply a negative by a positive, the answer is negative.

Answer:

-6

Step-by-step explanation:

When you multiply a positive number by another positive number, you will always get a positive number as your answer. Same thing for negative. If you multiply a negative by a negative, you will always get a positive. However, when you multiply a negative by a positive, you will always get a negative number.

Since you know this, you can multiply 2 by 3, which is 6. Because 2 is negative and 3 is positive, you know that the answer must be negative. Therefore, you add the negative symbol to 6, giving you -6.

I hope this isn't too confusing. Please let me know if you have any more questions. Good luck!

Tyrell buys a sandwich for $7 and some cookies that cost $0.75 each. To use his debit card, Tyrell must make a purchase at least $10. how many cookies does he buy

Answers

Tyrell needs to buy 4 cookies

help please i’ll give extra points

Answers

Answer:

P would be reflected into quadrant 4.

Step-by-step explanation:

Answer:

Quadrant 4

Step-by-step explanation:

The quadrant under P is quadrant 4. Imagine putting a mirror on the x-axis, where would P be? It would be on the fourth quadrant, the quadrant underneath P.

Have a nice day!

what is the perimeter write your solution

Answers

Answer: 88in

Step-by-step explanation:

As he has doubled the sides, the length would now be 24 and the width would be 20.

So then, to work out the perimeter you have to add up all of the sides.

24+24+20+20=88in

Hope this helps :)

5th grade math. Correct answer will be marked brainliest:

Answers

Answer:

(6,6)

Step-by-step explanation:

Answer:

(6,6)

Step-by-step explanation:

hope this helps have a great day.

Find the measure of 2.
63° 117°
62 = [?]
Enter

Answers

Answer:

63°

Step-by-step explanation:

Angle <2 and the angle with measure of 63 are alternate exterior angles and has same measurement.

7+3 expressed as a difference

Answers

Answer:

7 - (-3)

Step-by-step explanation:

7 + 3 = 7 - (-3).

Express each decimal to fraction 77.0075

Answers

Answer:

77[tex]\frac{3}{400}[/tex]

Step-by-step explanation:

Answer:

30803/400

Step-by-step explanation:

77.0075 = 770075/10000

= 154015/2000

= 30803/400

A movie theater sells popcorn in bags of different sizes. The table shows the volume of popcorn and the price of the bag

complete one column of the table with prices where popcorn is priced..... and to be continue ​

Answers

Answer:

The price for a 60-ounce bag of popcorn would be $16

Step-by-step explanation:

Answer:

The price for a 60-ounce bag of popcorn would be $16

Step-by-step explanation:

Function Modeling

The behavior of some parameters that depend on a set of variables can be modeled in several ways, like linear, quadratic, exponential, logarithmic, among many others.

The selection of the model is often a complex decision that involves statistics and data analysis.

The question provides us with four points where the volume of popcorn bags and the price in dollars. The easiest function that can be used is the line.

The equation of a line of the volume V and the price p can be found with the expression

We'll use the first two values (6,10) (8,20)

Simplifying and rearranging, we get the model

To test the accuracy of the model, we compute the values of p for V=35 and for V=48

Since the computed values are equal to those of the table, the model is accurate. We can now predict the price for V=60

The price for a 60-ounce bag of popcorn would be $16

One box holds six eggs. If the farmer has 594 eggs, how many boxes of eggs does he have ​

Answers

Divide total eggs by number of eggs per box:

594 / 6 = 99

They has 99 boxes of eggs.

Answer:

594÷6=99

Step-by-step explanation:

YOU DIVIDE THE SUM OF EGGS AND THE NUMBER OF BOX HOLDING

An experiment consists of spinning the spinner once. a: Find the probability of landing on a 2. b: find the probability of landing on a 1. c: Is landing in each section of the spinner equally likely to occur? Explain.

Answers

Answer:

points

Step-by-step explanation:

Marc and Anthony are pulling weeds. The can pull 25 weeds every three minutes. How many weeds can they pull in 15 minutes?

Answers

Answer:

125 weeds in 15 mins

Step-by-step explanation:

125 is your answer ...

Eric's goal is to walk 2.75 miles to and from the park every day for an entire year. If he meets his goal, how many miles will Eric walk?

Answers

2,007.5

Explanation: The round trip to go to the park is 5.5 (2.75 times). Then multiply 5.5 by 365 days and you’ll get 2,007.5

What is the area of the triangle? ​

Answers

Answer:

10

Step-by-step explanation:

1/2×(-2-(-7))×(6-(-4))

giving brainliest !!!

Answers

Answer:

156.6 meters squared

Step-by-step explanation:

There are 3 triangles for the sides. The area for a triangle is one half base times height. So we are doing one half of 9 times 9. This is 40.5. Since there are 3 of them we can just multiply 40.5 times 3 to get 121.5. And now to solve for the base triangle, it is one half of 9 times 7.8. We get 35.1. Now add together 121.5 and 35.1. We get 156.6. Now since this is surface area it is meters squared.

three times the quotient of 3 and 5

Answers

Quotient means division, so three times of the quotient means 3 divided by 5 = 0.6
0.6 x 3 = 1.8.

Three times the quotient of 3 and 5 is equivalent to 1.8


Expressions and equations

The question asked us to convert the word problem to equation and solve.

The quotient of 3 and 5 is expressed as 3/5

Taking the product of the result and 3 will give;

Three times the quotient of 3 and 5 = 3 * 3/5

Three times the quotient of 3 and 5 = 9/5 = 1.8

Hence three times the quotient of 3 and 5 is equivalent to 1.8

Learn more on expressions here: https://brainly.com/question/723406

#SPJ6

ez math help -thanks

Answers

Answer:

use photo math.....

1) -8

2)9

3)18

3 is 8
4 is 9
5 is 18 hope is helps

Use the formula C = 5 over 9(F - 32) to write 126° F as degrees Celsius, round to the nearest tenth.

Answers

52° is your answer :)

You are planning to take a group of friends to the movies for your birthday. The local movie theater charges $12.99 per
person. When you check the company's website, you find that they also offer a special group rate. The group rate is only $8.99
per person, but also includes a $20 reservation fee in addition.
What is the minimum number of people that would need to attend your party in order for the group rate to be a better deal?
A
4 people
B)
5 people
Eliminate
6 people

Answers

6 people. With 4 people the first option ($12.99 per person) was cheaper, with 5 people they cost the same, so 6 people would be the minimum for the other to be cheapest

Help please plzzzzzzzz

Answers

Answer:

60

Step-by-step explanation:

120 + 90 + 90 + 60 = 360

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