Answer:
0 dollars
=E(M)
=μ
M
=−$10,000(0.81)+$40,000(0.18)+$90,000(0.01)
=−8,100+7,200+900
=0
Answer:
The correct option is A). $112295.05
Step-by-step explanation:
The equation for approximating the total cost is given to be :
y = 1.55x + 110419 , where x is the annual household's income and y is the total cost in dollars of raising a child in the united states from birth to 17 years
We need to calculate the total cost of raising a child in the united states from birth to 17 years if the annual household's income is given to be $1211
So, for this we will use the given equation and substitute x = 1211 and find the value of y which will be our total cost
⇒ Total cost , y = 1.55 × 1211 + 110419
⇒ y = 1877.05 + 110419
⇒ y = 112296.05 ≈ 112295.05
Hence, The approximate total cost of raising a child from birth to 17 years in a household with a weekly income of $1211 = $112295.05
Therefore, The correct option is A). $112295.05
Answer:
P(working product) = .99*.99*.96*.96 = .0.903
Step-by-step explanation:
For the product to work, all four probabilities must come to pass, so that
P(Part-1)*P(Part-2)*P(Part-3)*P(Part-4)
where
P(Part-1) = 0.96
P(Part-2) = 0.96
P(Part-3) = 0.99
P(Part-4) = 0.99
As all parts are independent, so the formula is P(A∩B) = P(A)*P(B)
P (Working Product) = P(Part-1)*P(Part-2)*P(Part-3)*P(Part-4)
P (Working Product) = 0.96*0.96*0.96*0.99*0.99
P(Working Product) = 0.903