Answer:
D.)
15040000 <= k <=19840000
Step-by-step explanation:
V = 1200 -0.00002k
Value V after one year falls in the range of $803.20 and $899.20.
Let's substract these values from 1200.
1200-803.20=396.80
1200-899.20=300.80
So it means that
0.00002k= 396.80
And
0.00002k= 300.80
So
0.00002k= 396.80
K= 396.80/0.00002
K= 19840000
And
0.00002k= 300.80
K = 300.80/0.00002
K= 15040000
So range is between
15040000 <= k <=19840000
Answer:gui
Step-by-step explanation:
Answer:
c. $100,000
Step-by-step explanation:
Calculation of the expected net profit of Ephemeral services corporation
Since we are been told that 9 other companies besides esco are as well bidding for the $900,000 government contract, it means we have to find the expected net profit by dividing 1 by 9×$900,000 .Thus ESCO can only expect to cover its sunk cost.
Hence ,
E(X) = (1/9) × $900,000
E(X)=0.111111111×$900,000
E(X)= $100,000
Therefore the expected net profit would be $100,000
Answer:
14
Step-by-step explanation:
Convert the fraction into a decimal
1/2 = 0.5
Divide
7/0.5 = 14
Answer:
0.632
Step-by-step explanation:
Given that a homeowner is three times as likely to purchase additional jewelry coverage as additional electronics coverage
If probability of purchasing additional electronics coverage = p, then prob of purchasing jewelry coverage = 3p
The two events are independent hence joint probability is product of these two.
i.e. P(both) = 
This is given as 0.2
the probability that a homeowner purchases exactly one coverage.
= Prob he purchases I + prob he purchases II-2(prob he purchases both)
