Monday

October 20, 2014

October 20, 2014

Posted by **Danny** on Thursday, May 24, 2012 at 9:26pm.

- ALGEBRA -
**MathMate**, Friday, May 25, 2012 at 7:26amExpected income is ∑ x P(x).

you have three cases where

x1=445000, P(x1)=1/40

x2=145000, P(x2)=1/20

x3=0, P(x3)=1-1/40-1/20=37/40

Calculate the sum and don't forget to subtract the fixed cost from the expected income.

**Answer this Question**

**Related Questions**

math - An oil-drilling company knows that it costs $28,000 to sink a test well. ...

algebra - An oil-drilling company knows that it costs $25,000 to sink a test ...

Algebra Last question for tonight - An oil-drilling company knows that it costs...

algebra - An oil-drilling company knows that it costs $25,000 to sink a test ...

Algebra - An oil-drilling company knows that it costs $25,000 to sink a test ...

algebra/please help I have been wrong twice - An oil-drilling company knows that...

math - An oil-drilling company knows that it costs $25,000 to sink a test well. ...

Math - An oil-drilling company knows that it costs $25,000 to sink a test well. ...

Probability - An oil-drilling company knows that it costs $25,000 to sink a test...

Probability - An oil-drilling company knows that it costs $25,000 to sink a test...