Answer: 0.973
Step-by-step explanation:
The probability mass function of geometric distribution is
, p= probability of success on a trial.
As per given, we have
p=0.7
The probability that we'll have at most 3 orders
hence, the required probability = 0.973
Answer:
loss is $66 or profit is -66
Step-by-step explanation:
The company's annual profit (in millions of dollars) as a function of the app's price (in dollars) is modeled by
x represents the app price
Given app price is 0 dollars, so we plug in 0 for x and find out the profit
P(0)= -66
It means when app price = 0 dollars then the there is a loss because profit is negative.