The function below represents the interest Kristina earns on an investment. Identify the term that represents the amount of mone
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Answer:
The ticket price that maximizes revenue is $50.
The maximum monthly revenue is $250,000.
Step-by-step explanation:
We have to write a function that describes the revenue of the airline.
We know one point of this function: when the price is $30, the amount of passengers is 7000.
We also know that for an increase of $1 in the ticket price, the amount of passengers will decrease by 100.
Then, we can write the revenue as the multiplication of price and passengers:
where x is the variation in the price of the ticket.
Then, if we derive R in function of x, and equal to 0, we will have the value of x that maximizes the revenue.
We know that the increment in price (from the $30 level) that maximizes the revenue is $20, so the price should be:
The maximum monthly revenue is:
Answer:
The probability that all three have type B+ blood is 0.001728
Step-by-step explanation:
For each person, there are only two possible outcomes. Either they have type B+ blood, or they do not. The probability of a person having type B+ blood is independent of any other person. So we use the binomial probability distribution to solve this question.
Binomial probability distribution
The binomial probability is the probability of exactly x successes on n repeated trials, and X can only have two outcomes.
In which is the number of different combinations of x objects from a set of n elements, given by the following formula.
And p is the probability of X happening.
The probability that a person in the United States has type B+ blood is 12%.
This means that
Three unrelated people in the United States are selected at random.
This means that
Find the probability that all three have type B+ blood.
This is P(X = 3).
The probability that all three have type B+ blood is 0.001728
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