Write three to five sentences explaining which levels of production provide Alonzo’s Cycling with the maximum profit.
2 answers:
Answer:
The maximum profit can be attained when 4 bikes are produced each day.
Step-by-step explanation:
Look at the attached picture:
In the table given in the picture, the number of bikes produces varies. We cannot properly compare the profits per day. To be consistent, let us determine the profit per unit of bike produced.The relationship between cost, revenue and profit can be as:
Profit = Revenue - Cost
To find the profit per unit of bike, simply divide the profit with the number of bikes produced (1st column). After you see the results, we can see that the highest profit is $17.5 per unit of bike produced. Therefore, the maximum profit can be attained when 4 bikes are produced each day.
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Answer:
Step-by-step explanation:
Given that Bill, George, and Ross, in order, roll a die.
The first one to roll an even number wins and the game is ended.
Since Bill starts the game he can win by throwing even number or lose by throwing odd number
P(win) = 0.5, otherwise, the die will go to George. For Bill to win, both George and Ross should throw an odd number so that Bill again gets the chance with game non ending.
Thus we have Prob of Bill winning =P of Bill winning in I throw +P of Bill winning in his II chance of throw +....infinitely
To get back the dice once he loses probability
= p both throws odd =
Thus Prob for Bill winning
=
This is an infinite geometric series with I term 0.5 and common ratio 0.125<1
Sum =
Answer:
The correct option is E) About 1 in a million.
Step-by-step explanation:
Consider the provided information.
It is given that one in a hundred million people is a genius.
Let G represents the Genius and Q represents the quirky.
We need to find the probability that someone is acting quirky- what is the probability that they are a genius.
The probability that person is quirky is:
The probability of
Hence, the required probability is:
Which is near about 1 in a million.
Hence, the correct option is E) About 1 in a million.