Answer:
Option 1: It is better for him to be paid per catch, starting with 1 cent and doubling with each catch up to 110
Explanation:
If Jason were to be paid per catch given that he makes a total of 110 catches for the 2017 season in his new contract, he would make a total of :
0.01 × 2^109 = $6.4903711e+30(calculator result, means 6 then 30 digits after)
Therefore it is better for Jason to be paid per catch and not a flat fee of $2000000
Answer:
The answer to the question is
The probability that at least one of the next three customers purchases premium gas is the complement of the probability that none of the next three customers purchase premium gas = 1 - (1-P(A))³ = 0.834
Step-by-step explanation:
The probability that a customer would purchase premium grade = 45 %
That is P(A) = 0.45 and
The probability that the customer would purchase another grade = P(B) = 0.55
Therefore the probability of at least one of the next three customers purchase premium gas is
P(k=0) = (1 - P)ⁿ and the probability of at least one customer purchases premium gas is the compliment of the probability that the next three customers purchase another gas brand
that is (1 - P(A))×(1 - P(A))×(1 - P(A)) = P(B)×P(B)×P(B) = 0.55³ and the complement is 1 - 0.55³ = 0.834
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