Answer:
μ = 1 The firm expects that one oil exploration will be successful.
v(x)= 0.9
Step-by-step explanation:
The first step is to define the random variable x as:
x: number of oil explorations being succesful
Then x can be take this values:
x = 0 , x =1 ... x =10
x is a binomially distributed random variable with parameters.
p = 0.1 and n=10
And the mean or the expected value of x is:
μ = E(x) = np
Then μ = 10*0.1 = 1
And the variance of x is:
V(x) = np(1-p)
V(x) = 10(0.1)(1-0.1)= 0.9
Answer:
45
Step-by-step explanation:
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Answer:
<-7,3> and 157 degrees
got it right :) hope this helped
Answer:
Minimum number of units sold to make profit is equal to 20
Step-by-step explanation:
Revenue earned by the company as a function of number of units sold as x:
R(x) = 0.55x
Cost for selling units as a function of number of units sold as x:
C(x) = 10 + 0.05x
<em>Net profit earned by the company = (Revenue earned by the company) - (Cost of selling units)</em>
P(x) = (0.55x) - (10 + 0.05x)
P(x) = 0.55x - 10 - 0.05x
P(x) = 0.5x - 10
To earn profit the following condition should satisfy: P(x) ≥ 0
0.5x - 10 ≥ 0
0.5x ≥ 10
x ≥
x ≥ 20
Answer:B
Step-by-step explanation: