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
Related Questions
7.6 cm
3.7 cm
Find the area of the parallelogram.
Answers
Answer:
7cm²
Step-by-step explanation:
Simplify (-2x^3)2•y•y^9
Answers
-2x^3 • 2 = 4 (because 2•2 is 4, they don’t share the same variable so you just multiply the base)
y^9 • y^1 (9+1=10)
-4x^3 y^10
Simplify (-2x^3)^2 •y•y^9 Answer 4x^6y^10
Drag each tile to the correct box. Not all tiles will be used.
Arrange the equations in the correct sequence to find the inverse of f(x) = y = 3x / 8 + x
Answers
Answer:
Inverse of f(x)
[tex]f^{l} (x) = \frac{8 x}{3-x}[/tex]
Step-by-step explanation:
Explanation:-
Step(i):-
Given the function
[tex]f(x) = \frac{3 x}{8+x}[/tex]
Given function is one-one and onto function
Hence f(x) is bijection function
[tex]y = f(x) = \frac{3 x}{8+x}[/tex]
now cross multiplication, we get
( 8+x)y = 3 x
8 y + x y = 3 x
8 y = 3 x - x y
taking Common 'x' we get
x (3 - y) = 8 y
[tex]x = \frac{8 y}{3-y}[/tex]
Step(ii):-
The inverse function
[tex]x = \frac{8 y}{3-y} = f^{l}(y)[/tex]
The inverse function of x
[tex]f^{l}(x) = \frac{8 x}{3-x}[/tex]
Final answer:-
Inverse of f(x)
[tex]f^{l} (x) = \frac{8 x}{3-x}[/tex]
Simplify the expression below.
14a8y3 - 7 Ay5 + 28a12y2
7aty
A.
OB.
2a²y3 - ay5 + 4a3y2
2a4y? - JA + 428 y
2a4y3 – 5 + 428 y?
D. 2012,4 - 2876 +4215,3
C.
Answers
Answer:
14a8y3 - 7 Ay5 + 28a12y2- 7ay2 • (4a11 + 2a7y - y3)
Step-by-step explanation:
Equation at the end of step 1 :
(((14•(a8))•(y3))-(7a•(y5)))+((22•7a12)•y2)
Step 2 :
Equation at the end of step 2 :
(((14•(a8))•(y3))-7ay5)+(22•7a12y2)
Step 3 :
Equation at the end of step 3 :
(((2•7a8) • y3) - 7ay5) + (22•7a12y2)
Pull out like factors
Answer: 7ay2 • (4a11 + 2a7y - y3)
Hope this helps.
To the nearest tenth of a cubic centimeter, what is the volume of
the sphere if r = 17 cm?
Answers
Answer:
V≈20579.53
Step-by-step explanation:
[tex]V=\frac{4}{3} \pi r^3[/tex]
Find the area of the shape
Answers
Solve 20x = 10 for x. A. x = 1/2 B. x = 1.5 C. x = 2 D. x = 10
Answers
Answer:
A. 1/2
Step-by-step explanation:
20x=10
Divide 20 on both sides of the equation to get x by itself
20x=10
___. __
20. 20
x =1/2
Answer:
A) x= 1/2
Step-by-step explanation:
20x= 10 we then divide 10 by 20 to get x= 10/20 or if we simplify x= 1/2. Thus answer choice A) is correct!
will mark the branliest to first one who answers
Answers
Answer:
3 1/4
Step-by-step explanation:
3/4 + (1/3 ÷1/6) - (-1/2)
Subtracting a negative is adding
3/4 + (1/3 ÷1/6) +1/2
Parentheses first
Copy dot flip
3/4 + (1/3 * 6/1) +1/2
3/4 + 2 + 1/2
Get a common denominator
3/4 + 2 + 2/4
2 + 5/4
2 + 4/4 +1/4
2+1 + 1/4
3 1/4
Tate is paid $17.35 per hour with time and a half overtime. What will his gross pay period in which he worked 35 hours one week and 44 hours next week for a total 79 hours?
Answers
Answer:
The new rule has a higher salary level for exemption from overtime, at $684 a week. This means that lower-pay exempt employees may qualify for overtime.
Step-by-step explanation: this is your answer plz rate e the most brainlest
568,924,126 each digit stands for what
Answers
Answer:
500,000,00060,000,0008,000,000900,00020,0004,000100206Step-by-step explanation:
To find what a digit stands for, make all the other digits zero.
This is substantially what we do when we write the number in "expanded form."
568,924,126
= 500,000,000 +60,000,000 +8,000,000 +900,000 +20,000 +4,000 ...
... +100 +20 +6
The list of numbers in the sum is the list of numbers the digits stand for.
What function has zeros at x=10 and x=2
Answers
Answer:
f(x) = x^2 -12x +20
Step-by-step explanation:
There are an infinite number of functions with zeros at those values of x. One simple polynomial function with those zeros is ...
f(x) = (x -10)(x -2) . . . . . each zero contributes a factor
f(x) = x^2 -12x +20
Andre hit 46 balls at practice. He hit no fewer than 20 less than double the number of hits Jason had. Which inequality represents the situation if j represents the number of hits Jason had?
46 minus 20 less-than 2 j
2 j minus 20 less-than-or-equal-to 46
46 minus 20 less-than-or-equal-to 2 j
2 j minus 20 greater-than-or-equal-to 46
Answers
Answer:
2j -20 ≤ 46
Step-by-step explanation:
"20 less than double the number Jason [hit]" can be represented by 2j-20.
We are told that 46 is no fewer than this value, so it is greater than or equal to this value:
46 ≥ 2j -20
2j -20 ≤ 46 . . . . . swapping sides to match answer choices
Answer:
2j -20 ≤ 46
Step-by-step explanation:
