Answer:
$64.00
Step-by-step explanation:
Company A:
C = 3.25x
3.25 x 80 = 260
Company B:
C = 2.45x
2.45 x 80 = 196
How much more?
260 - 196 = 64
For the answer to the question above the probability of exactly x successes is
P(X=x)=b(x;n,p) = (nCx)(p^x)((1-p)^(n-x))
where nCx is number of combinations of n things taken x at a time, and "^" means exponentiation.
n = 10
p = 0.2
P(X=7) = 10C7*(0.2^7)*(0.8^3) = 0.00079
P(X=8) = 10C8*(0.2^8)*(0.8^2) = 0.00007
P(X=9) = 10C9*(0.2^9)*(0.8^1) = 0.00000
P(X=10) = 10C10*(0.2^10)*(0.8^0) = 0.00000
.00079 + .00007 + 0 + 0 = .00086 = .0009 rounded
3.10/155= 0.02 } subtract = 0.07 more
7.65/85= 0.09 }
If you don't double check your answers by substituting them back into the original equation, you may be introducing extraneous solutions into the problem which is why you should always check to confirm your answer is accurate. I hope this helps! :)
