Two construction contracts are to be randomly assigned to one or more of three firms: I, II, and III. Any firm may receive both contracts. Each contract will yield a profit of $90,000. Assume that firms I and II are actually owned by the same individual. Find the probability distribution of X, the owner's total profit.

Answers

Answer 1

Answer:

The owner's total profit is $120,000.

Step-by-step explanation:

Assume that:

X = contract is assigned to firm 1

X = contract is assigned to firm 2

The sample space for assigning the two contracts is:

S = {(I, I), (I, II), (I, III), (II, I), (II, II), (II, III), (III, I), (III, II) and (III, III)}

There are total of 9 possible combinations.

So, the probability of selecting any of the combination is, 1/9.

Compute the probability distribution of X₁ and X as follows:

X₁      P (X₁)                      X₂        P (X₂)

0        4/9                        0           4/9

1         4/9                        1            4/9

2         1/9                        2           1/9

Compute the expected values of X₁ and X as follows:

[tex]E(X_{1})=\sum X_{1}\cdot P(X_{1})\\\\=(0\times\frac{4}{9})+(1\times\frac{4}{9})+(2\times\frac{1}{9})\\\\=\frac{6}{9}\\\\=\frac{2}{3}[/tex]               [tex]E(X_{2})=\sum X_{2}\cdot P(X_{2})\\\\=(0\times\frac{4}{9})+(1\times\frac{4}{9})+(2\times\frac{1}{9})\\\\=\frac{6}{9}\\\\=\frac{2}{3}[/tex]

It is provided that each contract will yield a profit of $90,000.

Compute the owner's total profit as follows:

[tex]\text{Total Profit}=\text{Profit}\times [E(X_{1})+E(X_{2})][/tex]

                   [tex]=90000\times[\frac{2}{3}+\frac{2}{3}]\\\\=120000[/tex]

Thus, the owner's total profit is $120,000.


Related Questions

1+2 charliedamelioo0

Answers

Answer:

eEEE

Step-by-step explanation:

Identify the correct list of factors for the number 24.
1, 2, 4, 6, 12, 24
1, 2, 3, 4, 6, 8, 12, 24
1, 2, 4, 7, 12, 24
1, 2, 3, 8, 12, 24

Answers

1,2,3,4,6,8,12,24 this is the list

A trigonometric function with no asymptotes oscillates between the values of y equals negative 4 and y = 0. Two consecutive zeroes are located at approximate x-values of 3.48 and 7.66. Which of the following best represents the equation of the trigonometric function?

Answers

Answer:

C. f(x)=2sin(-1.5x+0.5)-2

The cost of 5 gallons of ice cream has a variance of 49 with a mean of 30 dollars during the summer. What is the probability that the sample mean would differ from the true mean by less than 0.6 dollars if a sample of 145 5-gallon pails is randomly selected?

Answers

Answer:

0.303 or 30.3%

Step-by-step explanation:

We are given;

Variance; Var = 49

Sample size; n = 145

Standard error from mean; SEM = 0.6

Now, standard deviation is given by the formula;

SD = √Var

SD = √49

SD = 7

Now, the standard error from standard deviation is;

SE = SD/√n

SE = 7/√145

SE = 0.5813

z = Number of standard errors away from the mean = SEM/SE = 0.6/0.5813 = 1.0322

Using online P-value from z-score calculator with the z-score above and an assumed significance level of 0.05, we have;

P-value ≈ 0.303

Probability = 0.303 or 30.3%

When converted to​ millimeters, the distance meters is expressed as
nothing millimeters in scientific notation.

Answers

Answer:

meters must be converted into millimeters.

Step-by-step explanation:

Real Estate Agent:

A woman bought 4 lots for $48,000 each. She then subdivided

them into a total of 7 lots that sold for $33,000 each. What was

her percent of profit? I

Savings and Loan Counselor:

A customer wishes to borrow $30,000, make monthly payments

of interest only, and pay the full amount of the principal at the

end of the term. If the interest rate is 12% annually, what are the

monthly payments for a five-year term?

Answers

Step-by-step explanation:

A.

Cost of 4 lots for $48,000= 48000*4

=$192,000

Sales made from all 7 lots = 33000*7

= $213,000

Profit =213,000-192,000

Profit =$39,000

Percent profit =(39000/192000) *100

=0.20*100

=20%

B.

Total interest formula=

Principal Loan Amount x Interest Rate x Time

Interest =30000x0.12x5

Interest = $18,000

Monthly payments for 5 years

= 18000/12*5

=18000/60

=$300

The police department of UCR is looking to collect more fines for speeders on campus. (They are turning to speeding because they cannot extract any more money out of people for parking illegally!) They record the speeds on West Campus Drive for a year and find that the average speed is 31.0 miles per hour with a standard deviation of 2.0. The data is approximated by a normal distribution. The top five percent (5%) of speeders will get tickets. What speed must you be going before getting a ticket

Answers

Answer:

≥ 34.29 mph

Step-by-step explanation:

Given that:

Distribution is normal :

Mean(m) = 31 mph

Standard deviation = 2 mph

Speed of top 5%

Top 5% = bottom (100% - 5%) = 95% = 0.95

Zscore which corresponds to 0.95 = 1.645

Using the Z formula:

Zscore = (score - mean) / standard deviation

1.645 = ( score - 31) / 2

Croas multiply:

2 * 1.645 = score - 31

3.29 = score - 31

3.29 + 31 = score

34.29 = score

Hence, speed must be greater than or equal to 34.29 mph

The sum of four consecutive integers is 2486. Find the biggest of these four consecutive integers.

Answers

Answer:

623

Step-by-step explanation:

2486/4 is the middle number = 621.5

Four numbers so the nearest whole numbers are the middle two

620, 621, 622, 623

=623

The solution to the system -2x+5y=-15 and 5x+2y=-6 is what

Answers

Step-by-step explanation:

−2x+5y=−15 and 5x+2y=−6

Rewrite equations:

−2x+5y=−15;5x+2y=−6

Step: Solve−2x+5y=−15for x:

−2x+5y=−15

−2x+5y+−5y=−15+−5y(Add -5y to both sides)

−2x=−5y−15

−2x−2=−5y−15−2(Divide both sides by -2)

x=52y+152

Step: Substitute52y+152forxin5x+2y=−6:

5x+2y=−6

5(52y+152)+2y=−6

292y+752=−6(Simplify both sides of the equation)

292y+752+−752=−6+−752(Add (-75)/2 to both sides)

292y=−872

292y292=−872292(Divide both sides by 29/2)

y=−3

Step: Substitute−3foryinx=52y+152:

x=52y+152

x=52(−3)+152

x=0(Simplify both sides of the equation)

Answer:

x=0 and y=−3

In order to receive credit for an English assignment, Alex must reflect on AT LEAST 5 out of 7 passages. In how many ways can this be done?

Answers

Answer:

expressionism I just took that test trust you got a workout and English and I'm miss that I hope we close at Johnny's and I'm miss that I hope we close again for the one that was a big deal for me to hit the road and I'm miss that I hope we close again for the one time of day or so he can come over for a lol you want to text cause I'm miss that I hope we close again for the one that was a if he can come over for a lol you want to text Leo and I'm miss that I hope we close again for the one that 5th to text cause I'm miss that I hope.

I think it’s 35 ways

What is the value of m ?

Answers

Answer:

20

Step-by-step explanation:

its 20 but i.need to explain so 180-110-40=20

Because everyone is always driving above the speed limit, the police implement a new policy: ticket anyone who drives 1.5 standard deviations above the average. At a major freeway, the average speed in the evening is 75 MPH. The standard deviation is 7 MPH. Michael finds himself driving at 84 MPH during an evening on this freeway. At a major street, the average speed is 43 MPH. The standard deviation is 4 MPH. Nico finds himself driving at 50 MPH. Use the information above to determine who will get a speeding ticket?

Answers

Answer:

Michael is within the speed limit regulation he won´t get any ticket

Nico is over speed limit then he should be ticket

Step-by-step explanation:

Case A conditions in a freeway evening  average speed 75 MPH the

standard deviation is 7 MPH

Then according to new policy 75 + 7* ( 1,5 )  = 75 + 10,5 = 85,5 MPH

Michael is driving at 84 MPH then he has no problem at all

Case B conditions in a major street average speed 43 MPH the standard deviation is 4 MPH

According to the new policy 43 + 4 *(1,5) = 43 + 6 = 49 MPH

Nico is driving at 50 MPH then Nico will be ticket

ASTRONOMY-
what would happen if the moon didn't revolve around the earth although its rotation on its axis remained the same.

WIll mark brainliest pls help

Answers

Answer:

I believe this would have a affect on the ocean as the moon controls the waves and i believe it would also affect the wind as well

Step-by-step explanation:

20% of the days were sunny. How many days were sunny?

Answers

Answer:

73

Step-by-step explanation:

simple math, ez mne.

Answer:

73 days were sunny

Step-by-step explanation:

20% of 365 is 73.

For a biology project, you measure the weight in grams and the tail length in millimeters of a group of mice. The correlation is r = 0.52. If you had measured tail length in centimeters instead of millimeters, what would be the correlation?

Answers

Answer:

The correlation coefficient  is r = 0.52

Step-by-step explanation:

From the question we are told that

            The correlation coefficient  is r = 0.52

 Generally correlation has no unit and is not affected by unit (i.e it show the ratio between two quantities )

Hence a change of the unit of measurement of  length from cm to mm will not affect the correlation coefficient r hence the value will still remain  r = 0.52

Answer:

Step-by-step explanation:

Which equation would you choose in order to most easily identify the vertex?
K
y = 9x4 + 6x2 +1
y = x2 + 6x + 9
y = (x + 6)(x + 9)
y = (x + 6)2 +9
a 5

Answers

Answer:

last

Step-by-step explanation:

A rectangle has a height of 5 and a width of 4x^2-2x-6.Express the area of the entire rectangle. Expression should be expanded.​

Answers

Answer:

The area of the entire rectangle is [tex]20x^2-10x-30[/tex]

Step-by-step explanation:

Area of a Rectangle

The area of a rectangle of height H and width W is:

A=H.W

The rectangle has a height of H=5 and a width of [tex]W=4x^2-2x-6[/tex]. Calculate the area:

[tex]A=5*(4x^2-2x-6)[/tex]

Expand the product:

[tex]A=20x^2-10x-30[/tex]

The area of the entire rectangle is [tex]20x^2-10x-30[/tex]

Which ordered pair, if included in this relation, would cause it to no
longer be a function?

Answers

Answer:

(-6,3)

Step-by-step explanation:

A survey of 800 school employees yielded the following information: 430 were instructors, 589 were full-time faculty, and 340 of the instructors were full-time faculty. How many school employees were full-time faculty but were not instructors

Answers

Answer:

249

Step-by-step explanation:

let n(U) be the total number of school employees = 800

Let n(I) be amount of instructors = 430

Let (F) be full-time faculty = 589

Let n(InF) be the instructors who were full-time faculty = 340

The number of employees who were full-time faculty but were not instructors is expressed as:

n(FnI') = n(F) - n(InF)

n(FnI') = 589 - 340

n(FnI') = 249

Hence the number of school employees who were full-time faculty but were not instructors are 249

Pls answer quick and right

Answers

the answer is C (Jung)
Jung is in most debt with -220

Use the limit definition to find an equation of a tangent line of f(x)= 1/(x-1) at the given point (2,1)

Answers

By "limit definition", I assume you mean the derivative. We have

[tex]f'(c) = \displaystyle\lim_{x\to c}\frac{f(x)-f(c)}{x-c}[/tex]

For [tex]f(x)=\frac1{x-1}[/tex] and c = 2, we have

[tex]f'(2)=\displaystyle\lim_{x\to2}\frac{\frac1{x-1}-1}{x-2}[/tex]

[tex]f'(2)=\displaystyle\lim_{x\to2}\frac{\frac{1-(x-1)}{x-1}}{x-2}[/tex]

[tex]f'(2)=\displaystyle\lim_{x\to2}\frac{2-x}{(x-1)(x-2)}[/tex]

[tex]f'(2)=\displaystyle\lim_{x\to2}\frac1{1-x}=-1[/tex]

The tangent line to (2, 1) has slope -1. Using the point-slope formula, it has equation

y - 1 = - (x - 2)

y = - x + 3

Find the value of x.

Answers

Answer:

Its 9

Step-b(y-step explanation:

Can you make me brainlist??

Answer:

The answer is B just took the test!

WORTH 15 POINTS
Explain why 3(x + 4) - 3(x - 5) has no solution. Choose the best response below
Place a check mark in each row to indicate
the number of solutions for each equation
below.
No
Infinitely
One
Solution Solution
Many
Solutions
5x5x+3
A. The x-terms are the same, but the constant terms are different.
B. The x-terms are different, but the constant terms are the same.
C. The x-terms are the same, and the constant terms are same.
D. The x-terms are different, and the constant terms are different.
5x+6 - 6x +5
5x+ 6 = 5x + 6
What values of a and b would make the equation shown have infinitely many
solutions?
2x+ 4 = 4x+2
2x+4 - 2x + 4
3x = ax + b
2x2x+4

Answers

Answer:

Question 2: A

Question 3: 3x=3x+0

Step-by-step explanation:

For the chart use (symbolab)  it is a site that can help you with finding out the solutions by typing in the equation and it will give you an answer if it is no solution, one solution or, infinite

let one Yellow tile Equal+1 and one red tile equal -1 6-(-9)

Answers

Answer:

wym

Step-by-step explanation:

whats the question

Select the correct answer to 35 2/7 x 5:
1. 174
2. 176 3/7
3. 175 5/7
4. 174 5/7

Answers

Answer:

2

Step-by-step explanation:

I can't exactly explain my thinking but I estimates and the closet i got was answer 2 hoped this helped

Travel time data is collected on an arterial. With 30 runs, an average travel time of 152 seconds is computed over the 2.0 miles length, with a computed standard deviation of 17.3 seconds.

Required:
a. Compute 95% confidence bounds on your estimate of the mean.
b. Was it necessary to make any assumption about the shape of the travel-time distribution?

Answers

Answer:

a

 The 95% confidence bounds is  [tex] 145.80 <  \mu <   158.19 [/tex]

b

It was not necessary to make any assumption about the shape of the travel  time distribution

Step-by-step explanation:

From the question we are told that

 The sample size is  n =  30  

  The sample mean  is  [tex]\=x = 152[/tex]

   The standard deviation is  [tex]\sigma = 17.3 \ second[/tex]

From the question we are told the confidence level is  95% , hence the level of significance is    

      [tex]\alpha = (100 - 95 ) \%[/tex]

=>   [tex]\alpha = 0.05[/tex]

Generally from the normal distribution table the critical value  of  [tex]\frac{\alpha }{2}[/tex] is  

   [tex]Z_{\frac{\alpha }{2} } =  1.96[/tex]

Generally the margin of error is mathematically represented as  

      [tex]E = Z_{\frac{\alpha }{2} } *  \frac{\sigma }{\sqrt{n} }[/tex]

=>    [tex]E =  1.96 *  \frac{17.3 }{\sqrt{30} }[/tex]

=>     [tex]E = 6.19  [/tex]  

Generally 95% confidence bounds  is mathematically represented as  

      [tex]\= x -E <  \mu <  \=x  +E[/tex]

=>  [tex]152  -6.19 <  \mu <  152  -6.19[/tex]

=> [tex] 145.80 <  \mu <   158.19 [/tex]

This 95% confidence bounds show that there is 95% confidence that the true mean lies within this bound hence there is it was not necessary to make any assumption about the shape of the travel  time distribution

Order from least to greatest.

0.67, 0.5, 3/5


Answers

Answer:

0.5, 0.6(3/5), 0.67

During the first hour of a snowstorm, 1 2/8 inches of snow fell. In the next hour, 4 3/8 inches fell. In the third hour, the snow stopped and 1 inch of snow melted. How much snow was on the ground at the end of the third hour?

Answers

Answer:

4 5/8 inches left

Step-by-step explanation:

1+4=5

2/8+3/8=5/8  Same denominator so it stays the same, only need to add the numerators.

5+5/8=5 5/8

5 5/8-1=4 5/8

Here is the improper fraction if you need it:

37/8

ACB = DCE
A=63
C=52
E=5x
what is X = ?

Answers

C =52 that what x should =

Answer: x=13

Step-by-step explanation:

PLEASE HURRY!!!! WILL MARK BRAINLIST!!!!!!d. Using the equation for average rate above, determine the cheetah's average rate for the entire

trip.

Answers

Answer:

Average Rate = 55mph

Step-by-step explanation:

Now it’s time to tackle the original question. Going from point A to point B, the cheetah traveled at an average rate of 70 mph. Returning to point A, the cheetah traveled at an average rate of 40 mph.

Can we say that this cheetah’s average rate was 55 mph?

a.The average rate for the trip is equal to the total distance traveled divided by the total time traveled.

Average Rate = 70+ 40/2= 110/2 = 55mph

Yes the average rate of the cheetah is 55 mph

The following equations represent the distance traveled on each leg of the trip.

First leg of trip: td=r1 t1= 70*t

Second leg of trip: td=r2 t2= 40*t

Write an equation for the average rate for the trip. Remember, the cheetah runs from point A to point B and back to point A.

Total distance = r1 t1+ r2 t2

Average rate = Total distance / total time

                        =  r1 t1+ r2 t2/ t1+ t2

                        =70t+ 40t/ 2t

                         =110t/2t

                          = 55mph

                           

Answer:

the answer is 55 mph

Step-by-step explanation:

Average rate = Total distance / total time

                       =  r1 t1+ r2 t2/ t1+ t2

                       =70t+ 40t/ 2t

                        =110t/2t

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