The probability of profiting $5.2 million is 5% = 0.05
The probability of profiting $0.9 million is 50% = 0.5
The probability of breaking even, meaning no profit gain, is 45% = 0.45
Expected profit values of the CD is given by
(0.05×5.2) + (0.5×0.9) + (0.45×0) = 0.26+0.45+0 = 0.71 million
Answer:
Rocco doesn't have enough money to buy the golf irons
Step-by-step explanation:
step 1
Find the rest of the money left in the savings account
using proportion
step 2
we know that
The set of golf irons has an original price of $359
Applying 40% discount
100%-40%=60%=60/100=0.60
after the discount the price will be
therefore
Rocco doesn't have enough money to buy the golf irons
1 2 4 8 and 16 are the factors
If 3 ice cream cones cost 8.25 how much do 2 ice cream cones cost?
1 cone cost
8.25 : 3 = 2.75
2 cones cost
2.75 * 2 = 5.5
or
(8.25 : 3) * 2 = 5.5
I think that £3250/month is better because why would you want to spend £4000 when you can spend £3250.