A trader paid 1500 for 6 drinking cups. one of the cups got broken. he sold the remaining five, making a profit of 10percent cal
1 answer:
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Answer:
Volume of the cube:
Step-by-step explanation:
A cube is a solid figure consisting of 6 squared faces arranged in a structure at right angle with each other.
The volume of a cube is given by:
where
V is the volume
L is the length of one side of the cube
In this problem, the length of the side of the cube is
Therefore, the volume of the cube is
Answer:
a.
b.
c.
d.
Step-by-step explanation:
The probability that the company won x bids follows a binomial distribution because we have n identical and independent experiments with a probability p of success and (1-p) of fail.
So, the PMF of X is equal to:
Where p is 0.1 and it is the chance of winning. Additionally, n is 3 and it is the number of bids. So the PMF of X is:
For binomial distribution:
Therefore, the company can expect to win 0.3 bids and it is calculated as:
Additionally, the standard deviation of the number of bids won is:
Finally, the probability to won 1, 2 or 3 bids is equal to:
So, the expected profit for the company is equal to:
Because there is a probability of 0.243 to win one bid and it will produce 50,000 of income, there is a probability of 0.027 to win 2 bids and it will produce 100,000 of income and there is a probability of 0.001 to win 3 bids and it will produce 150,000 of income.