karen brought 3/8 of a gallon of ice tea to a party. Robin brought 15/16 of a gallon of ice tea to the same party. How much ice tea did they have together?

Answers

Answer 1

Answer:

1  5/16 gallon

Step-by-step explanation:

Gallon of ice brought by Karen = 3/8

Gallon of ice brought by Robin = 15/16

Total ice team brought by them is sum of Gallon of ice brought by Karen + Gallon of ice brought by Robin

Total ice team brought by Karen and Robin = 3/8 + 15/16

=>  3*2/8*2 + 15/16

we are multiplying with 2 both numerator and denominator in 3/8 so sas the denominator becomes 16 as in other fraction denominator is 16

=> 6/16 + 15/16

=> (6+15)/16 = 21/16

since 21/16 is improper fraction, converting it in mixed fraction we have

21/16 = 1  5/16 gallon

Thus , Karen and Robin have 1  5/16 gallon ice tea together.


Related Questions

Find the mean, median, mode and range for each set of data. Calculator usage is encouraged!
1. 23, 87, 19, 34, 37, 87, 81, 5, 14, 100, 26 Please help thank you!

Answers

Answer:

mean: 46.63636

median: 34

mode: 87

range:95

How To:

Step 1 : To find Mean

    Average = ( 1 + 5 + 5 + 7 + 8 + 10 ) / 6

             =36 / 6

    Mean = 6

Step 2 : To find Median

   Middle value = ( 5 + 7 ) / 2

               = 12 / 2

    Median = 6

Step 3 : To find Mode

   Mode = 5 (The number with more repetition, here 5 is repeated two times)

Step 4 : To find Range

    Range = Largest number - Smallest number

       = 10-1

       = 9

Range = 9

Answer:

Mean: 46.6

Mode: 87

Median: 34

Range: 95

Step-by-step explanation:

Mean: (finding the average)

Median: (the middle number of the data set)

Mode: (the most number repeated from the data set)

Range: (is the difference between the highest value and the lowest value)

first arrange the following data set.

23, 87, 19, 34, 37, 87, 81, 5, 14, 100, 26

so:

5, 14, 19, 23, 26, 34, 37, 81, 87, 87, 100

Lets us first find the mean by adding up all the numbers and dividing it by the amount of numbers in the data set.

Mean: 5 + 14 + 19 + 23 + 26 + 34 + 37 + 81 + 87 + 87 + 100 = 513/11 = 46.6

Mode: 87

Median: 34

Range: 100 - 5 = 95

An angle whose measure is -102° is in standard position. Which quadrant does the terminal side of the angle fall?
Quadrant 1
Quadrant 2
Cuadrant 3
Cuadrant 4

Answers

Answer:3

Step-by-step explanation:

edg

A teacher of statistics wants to know if a new teaching methodology that includes IT is efficient in terms of increased average score. He took a class with old methodology and a class with new methodology for samples and gave a same test. Open the file by clicking the file name above. Once you open the file and run Excel, you need not open it again. What is Ha? Find it from Excel output that you generate.
a) 0.62.
b) 0.5.
c) 0.31.
d) -0.5.

Answers

Answer:

The answer is 0.31

Step-by-step explanation:

Old Method                                       New Method                          .

Mean                      73.5625                  Mean            75.70588

Standard Error        3.143736             Standard Error  2.923994

Median                    72                          Median            75

Mode                       90                          Mode               64

Standard deviation  12.57494           Standard deviation 12.05594

Sample Variance     158.1292            Sample Variance     145.3456

Kurtosis                     -1.14544              Kurtosis                   -0.76646

Skewness                 0.171025             Skewness                0.091008

Range                       39                        Range                      41

Minimum                   55                        Minimum                 56

Maximum                  94                        Maximum                 97

Sum                          1177                        Sum                        1287

Count                         16                         Count                      17

State the hypotheses. The first step is to state the null hypothesis and an alternative hypothesis.

Null hypothesis: μNew< μOld

Alternative hypothesis: μNew > μOld

Note that these hypotheses constitute a one-tailed test. The null hypothesis will be rejected if the mean difference between sample means is too small.

Formulate an analysis plan. For this analysis, the significance level is 0.05. Using sample data, we will conduct a two-sample t-test of the null hypothesis.

Analyze sample data. Using sample data, we compute the standard error (SE), degrees of freedom (DF), and the t statistic test statistic (t).

[tex]SE=\sqrt{\frac{S_1^2}{n_1} +\frac{S_2^2}{n_2} } \\\\SE=4.29[/tex]

DF = 31

[tex]t = \frac{(x_1-x_2)-d}{SE} \\\\t = - 0.4997[/tex]

where s1 is the standard deviation of sample 1, s2 is the standard deviation of sample 2, n1 is the size of sample 1, n2 is the size of sample 2, x1 is the mean of sample 1, x2 is the mean of sample 2, d is the hypothesized difference between population means, and SE is the standard error.

The observed difference in sample means produced a t statistic of - 0.499. We use the t Distribution Calculator to find P(t < - 0.499) = 0.311

Therefore, the P-value in this analysis is 0.311.

Interpret results. Since the P-value (0.311) is greater than the significance level (0.05), we cannot reject the null hypothesis.

From the above test we do have sufficient evidence in the favor of the claim that new method is efficient than the old method.

What if f(x)=(1/7)(7x), what is f(3)

Answers

Answer:

  3

Step-by-step explanation:

f(x) = (1/7)(7x) can be simplified to ...

f(x) = x

Then for x=3, ...

  f(3) = 3

Ellis is 6 feet tall. If she currently has a 4 foot shadow, what angle are the sunrays making with the ground? Round decimal to the nearest hundredth.

Answers

Answer:

19.70

Step-by-step explanation:

For this case we have the following trigonometric relationship:

Tan (x) = (4/6)

Clearing the angle we have:

x = Atan (4/6)

x = 19.77

Rounding off we have:

x = 19.70 degrees

In the right triangle shown DF=EF=3. How long is DE?

Answers

Answer:

4.24

Step-by-step explanation:

To solve this, use the Pythagorean therom. A^2 + b^2 = C^2

in this case a = 3  and b = 3

so 9 + 9 =  sqrt 18  

4.24

Answer:3√(2)

Step-by-step explanation:

DF=3

EF=3

DE=√(3^2 + 3^2)

DE=√(3x3 + 3x3)

DE=√(9+9)

DE=√(18)

DE=√(2 x 9)

DE=√(2) x √(9)

DE=√(2) x 3

DE=3√(2)

BRAINLIST+11 Pts!!!
Jim just found a job with a take-home pay of $950 per month. He must pay $400 for rent and $100 for groceries each month. He also spends $100 per month on transportation. If he budgets $50 each month for clothing, $100 for restaurants and $50 for everything else, how long will it take him to save $1,800?

Answers

Answer:12 months

Step-by-step explanation:

400+400=800 so  950-800=150 1800/150=12

What is the sixth term in the sequence 3, 6, 11, 18

Answers

Answer:

38

Step-by-step explanation:

3 to 6 is an add by 3 then 6 to 11 is an add by 5 then 11 to 18 is an add by 7 each add is increased by 2 so the next add will be 9 giving you 27 then you will add 11 because it's increased by two giving you 38

1. 10(.15)=1.5
2. 10-1.5=8.5
3. 8.5 (.15)=1.275
4. 8.5-1.275=7.225
Keep going until you get number 5 and below 1
!!!!!!!!!!!!!!!!!!!!!!!!
PLEASE MAN!

Answers

Answer:

6.14125(0.15) = 0.9211875 (below 1)

6.14125 - 0.92118 = 5.22007

Step-by-step explanation:

Given data

1. 10(.15)=1.5

2. 10-1.5=8.5

3. 8.5 (.15)=1.275

4. 8.5-1.275=7.225

continuation the sequence

5)    7.225 (0.15) = 1.08375

6)    7.225 -  1.08375 = 6.14125

7)   6.14125(0.15) = 0.9211875   (below -one)

8 ) 6.14125 - 0.9211875 = 5.2200625 (get number 5)

9)   5.2200625(0.15) = 0.783009

10) 5.2200625 - 0.783009 = 4.4370532


What can be determined by looking at the factored form of the polynomial f(x) = (x + 7)(x - 2) ?
A
The graph of the polynomial has zeros at (0,-7) and (0,2)
В
The graph of the polynomial has zeros at (7,0) and (-2,0)
C
The graph of the polynomial has zeros at (-7,0) and (2,0)
D
The graph of the polynomial has zeros at (0,7) and (0,-2)

Answers

Answer:

C . The graph of the polynomial has zeros at (-7,0) and (2,0)

Step-by-step explanation:

f(x) = (x + 7)(x - 2)

Zero's obtained:

(x+7)(x-2) = 0x+7 = 0 ⇒ x = -7x-2 = 0 ⇒ x = 2

Coordinates:

(-7, 0) and (2, 0)

Correct answer choice is:

C . The graph of the polynomial has zeros at (-7,0) and (2,0)

Nora made 15 gallons of lemonade for a community picnic.

Part A
Which of the following can be used to find the number of pints of lemonade that Nora made?

15 × 2 × 2
15 × 4 × 2
15 × 3 × 2
15 × 4 × 3

Part B
How many pints of lemonade did Nora make?
Enter your answer in the box.

pints

Answers

Answer:

I also belive for Part A the second one is the answer because it equals 120 Part B is 120 pints! Good Luck! And I hope this Helps!

Answer:

B

Step-by-step explanation:

if a line is perpendicular to y=-2/3x+2, will it be perpendicular to 2x+3y=12?

Answers

Answer:

3x + 2y = -2

Step-by-step explanation:

Given Equation is − 2 x  +  3 y  =  12

3 y  = 2 x  +  12

y =  ( 2 /3 )  y  +  12

Slope of this line is  m  =  2/ 3

Slope of Line A m a  =  2

Slope of Line B  m b  =  2/ 3

Slope of Line C  m c  =  − ( 2 /3 )

Slope of Line D  m d  =  −  ( 3 /2 )

since  m d  =  − 1 /m  ,  D  is perpendicular to the given line

A university found that 20% of its students withdraw without completing the introductory statistics course. Assume that 20 students registered for the course. (Round your answers to four decimal places.) (a) Compute the probability that 2 or fewer will withdraw. (b) Compute the probability that exactly 4 will withdraw. (c) Compute the probability that more than 3 will withdraw. (d) Compute the expected number of withdrawals.

Answers

Answer:

(a) Probability that 2 or fewer will withdraw is 0.2061.

(b) Probability that exactly 4 will withdraw is 0.2182.

(c) Probability that more than 3 will withdraw is 0.5886.

(d) The expected number of withdrawals is 4.

Step-by-step explanation:

We are given that a university found that 20% of its students withdraw without completing the introductory statistics course.

Assume that 20 students registered for the course.

The above situation can be represented through binomial distribution;

[tex]P(X =r) = \binom{n}{r} \times p^{r} \times (1-p)^{n-r};x=0,1,2,3,......[/tex]

where, n = number of trials (samples) taken = 20 students

            r = number of success  

            p = probability of success which in our question is probability  

                  that students withdraw without completing the introductory  

                  statistics course, i.e; p = 20%

Let X = Number of students withdraw without completing the introductory statistics course

So, X ~ Binom(n = 20 , p = 0.20)

(a) Probability that 2 or fewer will withdraw is given by = P(X [tex]\leq[/tex] 2)

P(X [tex]\leq[/tex] 2) =  P(X = 0) + P(X = 1) + P(X = 2)

=  [tex]\binom{20}{0} \times 0.20^{0} \times (1-0.20)^{20-0}+ \binom{20}{1} \times 0.20^{1} \times (1-0.20)^{20-1}+ \binom{20}{2} \times 0.20^{2} \times (1-0.20)^{20-2}[/tex]

=  [tex]1 \times1 \times 0.80^{20}+ 20 \times 0.20^{1} \times 0.80^{19}+ 190\times 0.20^{2} \times 0.80^{18}[/tex]

=  0.2061

(b) Probability that exactly 4 will withdraw is given by = P(X = 4)

                      P(X = 4) =  [tex]\binom{20}{4} \times 0.20^{4} \times (1-0.20)^{20-4}[/tex]

                                 =  [tex]4845\times 0.20^{4} \times 0.80^{16}[/tex]

                                 =  0.2182

(c) Probability that more than 3 will withdraw is given by = P(X > 3)

P(X > 3) =  1 - P(X [tex]\leq[/tex] 3) = 1 - P(X = 0) - P(X = 1) - P(X = 2) - P(X = 3)

=  [tex]1-(\binom{20}{0} \times 0.20^{0} \times (1-0.20)^{20-0}+ \binom{20}{1} \times 0.20^{1} \times (1-0.20)^{20-1}+ \binom{20}{2} \times 0.20^{2} \times (1-0.20)^{20-2}+\binom{20}{3} \times 0.20^{3} \times (1-0.20)^{20-3})[/tex]

=  [tex]1-(1 \times1 \times 0.80^{20}+ 20 \times 0.20^{1} \times 0.80^{19}+ 190\times 0.20^{2} \times 0.80^{18}+1140\times 0.20^{3} \times 0.80^{17})[/tex]

=  1 - 0.4114 = 0.5886

(d) The expected number of withdrawals is given by;

                        E(X)  =  [tex]n\times p[/tex]

                                 =  [tex]20 \times 0.20[/tex] = 4 withdrawals

Which equation represents the black line?
Which equation represents the red line?
Explain a mathematical way to find the intersection of the lines without actually graphing the lines.

Answers

Answer:

Black Line     y = 3 + 2x ,     y = 2x +3

Red Line       y = -2 - .5x.     y = -.5x -2

vice versa

Step-by-step explanation:

For the black line, the lines intersects y at coordinate (0,3) and that would be b. To find the slope, use the equation rise / run. It rises 4 and runs 2. Putting this into an equation 4/2, it would be 2 as the constant. In other words, it would be 2x. Therefore, the function for the black line is y = 3 + 2x

For the red line, using the same explanation from the black line, the line intersects y at -2, and the slope would be -.5x, since it runs downwards 2 and runs 4, and since it runs downwards, a negative sign would be necessary in front of the slope.

A store sells gift cards in preset amounts. You can purchase gift cards for ​$20 or ​$30. You have spent ​$680 on gift cards. Write an equation in standard form to represent this situation. What are three combinations of gift cards you could have​ purchased?
Let x be the number of gift cards for ​$20​, and let y be the number of gift cards for ​$30. Write an equation in standard form to represent this situation

Answers

Answer:

20x + 30y = 680

Step-by-step explanation:

Give me a good rating please!

An equation is a mathematical statement that is made up of two expressions connected by an equal sign.

The equation represents the number of $20 and $30 gift cards bought.

20x + 30y = 680

What is an equation?

An equation is a mathematical statement that is made up of two expressions connected by an equal sign.

We have,

Number of gift cards for $20 = x

Number of gift cards for $30 = y

Total amount spend on gift card = $680

The equation represents the number of $20 and $30 gift cards bought.

20x + 30y = 680

Thus,

The equation represents the number of $20 and $30 gift cards bought.

20x + 30y = 680

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Bob, Paula and Sam invest $50000 in a business. Bob invests $4000 more than Paul does and Paul invests $5000 more than Sam does. If the total profit was $70000, select the correct answer. Note that the profit is distributed proportionally based on the respective amount each invested. A. The ratio of the investment of Bob, Paula and Sam is 11:15:10. B. The ratio of the investment of Bob, Paula and Sam is 12:17:21. C. The ratio of the investment of Bob, Paula and Sam is 12:5:4. D. The profit of Paula was $23,800

Answers

Answer:

D

Step-by-step explanation:

since sam invest the least, let a be the amount invested by sam

sam = a

paul = a + 5000

bob = a + 5000 + 4000

3a + 14000 = 50000

3a = 36000

a = 12000

thus sam is 12000, paul is 17000 and Bob is 21000

therefore the ratio of B:P:S is 21:17:12

profit by paula is 17/50 x 70000 = 23800

The profit by Paula is 17/50 x 70000 = 23800.

We have given that Bob, Paula and Sam invest $50000 in a business. Bob invests $4000 more than Paul does and Paul invests $5000 more than Sam does. If the total profit was $70000

Since sam invest the least, let a be the amount invested by sam

Therefore we get,

sam = a

What is the investment of Paul?

The investment of Paul = a + 5000

Bob = a + 5000 + 4000

3a + 14000 = 50000

3a = 36000

divide both sides by 3 so we get,

a=36000/3

a = 12000

Therefore, sam is 12000,

paul =5000+12000=17000 and

Bob =12000+9000= 21000

Therefore the ratio of B:P:S is 21:17:12

The profit by Paula is 17/50 x 70000 = 23800.

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A 5000​-seat theater has tickets for sale at ​$28 and ​$40. How many tickets should be sold at each price for a sellout performance to generate a total revenue of ​$153 comma 200​?

Answers

Answer:

Let's denote:

x: number of ticket 28$

y: number of ticket 40$

Then, we have:

x + y =5000

28x + 40y = 153200

=> 28(5000 - y) + 40y = 153200

=> 12y = 153200 - 140000

=> 12y =13200

=> y = 1100 (ticket 40$)

=> x = 5000 - 1100 = 3900 (ticket 28$)

A bag contains 3 red marbles and 6 blue marbles. A second bag contains 6 green marbles and 4 yellow marbles. You choose a marble from bag A and then a marble from bag B, what would be the probability of selecting one blue marble and one yellow marble?

Answers

Answer:

4/15

Step-by-step explanation:

Bag A

3 red marbles and 6 blue marbles.  = 9 marbles

P(blue) = blue/total =6/9 = 2/3

Bag B

6 green marbles and 4 yellow marbles.  = 10 marbles

P(yellow) = yellow/total=4/10 = 2/5

P(blue,yellow) = 2/3 * 2/5 = 4/15

Needing help can’t seem to find the answers? ‍♀️

Answers

Step-by-step explanation:

19. Kim's Path = √240² + 100²

= √57600 + 10000

= √67600

= 260 ft.

Answer:

17 question: we are going to use Pythagorean Theorem :

33^2 + 56^2 = x^2

1089+3165 = x^2

4225=x^2

x=-65

x=65

the answer is c)65

18 question i dont know :((

19 question : we are going to use same method as the first question : the answer is 260 ft

that's all that i can do for you

Step-by-step explanation:

hope this helps you :)

Trina has a total of 32 crayons. How much boxes of crayons did she buy.

Answers

Answer:

Depends on the type of box, but most likely one box of crayons because 32 packs are sold.

Do you have answer choices?

BRAINLIEST ASAP! LENGTH OF AC?

Answers

Answer:

2.33 units

Step-by-step explanation:

[tex]\tan 25\degree =\frac{AC}{5}\\\\0.46630 = \frac{AC}{5}\\\\AC = 0.46630 \times 5\\AC =2.3315\\AC = 2.33 \: units[/tex]

The altitude of an airplane is decreasing at a rate of 44 feet per second. What is the change in altitude of the airplane over a period of 34 seconds?

Answers

Answer:

1320 feet

Step-by-step explanation:

All we have to do is multiply the rate of change of altitude by the time it took the altitude to change.

The altitude of an airplane is decreasing at a rate of 44 feet per second. After 30 seconds, the change is altitude is:

44 * 30 = 1320 feet

The altitude of the airplane has changed by 1320 feet.

For the data 20, 40, 50, 20, 10, 70. What is there mean absolute deviation?

Answers

Answer:

18.333

Step-by-step explanation:

What is the slope of the line

Answers

Answer:

4/5

Step-by-step explanation:

There are so many points on the graph whose coordinates are impossible to estimate. Look for two "nice" points--points with integer coordinates. The line passes through (-2, 0) and (3, 4).

Slope = rise / run. It's the ratio of vertical change to horizontal change as you move from one point on the line to another.

Moving from (-2, 0) to (3, 4), the vertical change is 4 - 0 = 4.

The horizontal change is 3 - (-2) = 5.

The slope is 4/5

Which equation represents the hyperbola shown in the
graph?
10
8
(x - 2)2
(y + 3)
25
(-2,5) 6
(-7,3)
(1-21)
4-12-10 -8 -6 4-2
(3,3)
(x + 2)2
(y = 3) = 1
4
2 4 6
(x + 2)2
25
(y - 3)2
4
1
(232) - (7,31 = 1
(x - 2)2
25

Answers

Answer:

Step-by-step explanation:

A general equation of a hyperbola is

 x^2     y^2

-------- - ------- = 1   (This applies only when the center of the hyperbola

 a^2     b^2                               is at (0, 0)  ).

You must compare the given equations to this standard form to identify which represents the hyperbola shown, and also you must share the illustration of the hyperbola.

The equation represents the hyperbola shown in the graph is  (y - 1)² / 9 - (x + 4)² / 4  = 1

What is a hyperbola?

A hyperbola is a type of smooth curve lying in a plane, defined by its geometric properties or by equations for which it is the solution set.

A hyperbola has two pieces, called connected components or branches, that are mirror images of each other and resemble two infinite bows.

Given that, a graph, showing hyperbola, we need to find the equation,

We have the general equation for up - down facing hyperbola as

(y - k)² / b²- (x - h)² / a²  = 1.

Let's start listing the properties of this graph -

Taking a look at the graph we see that the center point of our hyperbola here is (- 4, 1).

Therefore, (h, k) = (- 4,1).

This is the semi distance from the center to one of the vertices. Here it will be the distance from points (- 4,1) and (- 4,4) or 3 unit difference.

Therefore, a = 3.

That gives asymptotes. Now remember that it will be in the form

y = ± b / a.

We already know a = 3, so we have to find b.

Looking at this graph we can say that another point besides (- 4,1) that lies on the "dotted line" is (- 2, - 2).

Calculating the slope of the dotted line would be as follows,

Given: (- 4,1) and (- 2, - 2)

Slope = - 2 + 4 / - 2 - 1 = 2 / 3

We have the equation y = 2 / 3x.

Therefore, b = 2.

Let's substitute to equation...

h = - 4, k = 1, b = 2, a = 3

(y - 1)² / (3)²- (x + 4)² / (2)²  = 1

(y - 1)² / 9 - (x + 4)² / 4  = 1

Hence, the equation represents the hyperbola shown in the graph is  (y - 1)² / 9 - (x + 4)² / 4  = 1

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The complete question is attached

During one year Saul takes 15 credit hours for each three quarters. Tuition and fees amount to $608 per credit hour. Textbooks average $420 per quarter. The prorated monthly cost for tuition and fees and textbooks is?

Answers

Answer:

Total textbook cost of tuition fees per month will be $ 2,356 and 25 cents

Step-by-step explanation:

To solve the exercise, we will first define the total cost per quarter.

cost of 1 credit hour = $ 601

then we solve the following:

cost of 15 credit hours = $ 601 * 15 = $ 9015

textbooks = $ 410

then we solve the following:

total cost = 9015 + 410 = $ 9425

total cost for 3 quarters = 3 * $ 9425 = $ 28275 for 12 months

we calculate as follows

Total textbook cost of tuition fees per month will be

$ 28,275 / 12 = $ 2,356 and 25 cents

Oil is leaking from an oil tanker, and an expanding circle of oil is spreading on the ocean. The radius, r, of

modeled by the function r(s)=315, where sis time in seconds.

The area of the spill when s=5 seconds is

1 square inches.

Reset

Reset

Next

Next

Answers

Answer:

[tex]45\pi$ square inches[/tex]

Step-by-step explanation:

The radius, r of the expanding circle of oil is modeled by the function:

[tex]r=3\sqrt{s}[/tex] , where s is time in seconds.

When s=5

Radius [tex]r(5)=3\sqrt{5}$ inches[/tex]

Area of a circle [tex]=\pi r^2[/tex]

Therefore, the area of the oil spill when s=5 seconds

[tex]=\pi* (3\sqrt{5})^2\\=45\pi$ square inches[/tex]

The area of the spill when s=5 seconds is 45pi square inches.

Which one of the following is not a fixed cost in owning a vehicle?
1 point
Gas
Insurance
Registration
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Answers

Step-by-step explanation:

tags is not a fixed cost

According to a Pew Research Center report from 2012, the average commute time to work in California is 27.5 minutes. To investigate whether the small city she lives in has a different average, a California high school student surveys 45 people she knows (her teachers, her parents, and their friends and co-workers) and finds the average commute time for this sample to be 24.33 minutes with a standard deviation of 9.53 minutes. The data are not too skewed. The null and alternative hypotheses of her study are: H0 : µ = 27.5 versus Ha : µ 6= 27.5

Required:
a. Identify the observational units for this study.
b. Identify the variable of interest and state whether it is categorical or quantitative.
c. Identify (in words and using an appropriate symbol) the parameter of interest
d. Use the 2SD approach to find a 95% confidence interval for the parameter.
e. Interpret the interval from part d. in context.

Answers

The answer is maybe given if you please summarize the question some. Thanks!

To generate leads for new business, Gustin Investment Services offers free financial planning seminars at major hotels in Southwest Florida. Gustin conducts seminars for groups of 25 individuals. Each seminar costs Gustin $3,500, and the commission for each new account opened is $5,000. Gustin estimates that for each individual attending the seminar, there is a 0.01 probability that he/she will open a new account.

(a) Determine the equation for computing Gustin's profit per seminar, given values of the relevant parameters. Profit = (New Accounts Opened × ) –

(b) What type of random variable is the number of new accounts opened? (Hint: Review Appendix 11.1 for descriptions of various types of probability distributions.)

(c) Choose the appropriate spreadsheet simulation model to analyze the profitability of Gustin's seminars. (I) (II) (III) (IV) Would you recommend that Gustin continue running the seminars?

(d) How many attendees (in a multiple of five, i.e., 25, 30, 35, . . .) does Gustin need before a seminar's average expected profit is greater than zero?

Answers

Answer:

a) profit = (new account opened x 5000) -3500

b) Opening account is binomial distribution with n =25 and p = 0.01

c) Probability of loss is 0.77781 --I don't recommend the company that it running the seminar

d) n ≅ 71

Step-by-step explanation:

See attached image

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