"To fill up the last week of the season, Larry's Paving bids on 6 similar but statistically independent small jobs. Larry has a 40% chance of getting each contract, and will net $200 on each contract he gets. Then he has to defray a $300 expense preparing the bids. a. What is the expected number of contracts he will get?

The expected number of contracts Larry will get is 2.40.

Explanation:

Let X = number of contracts Larry will get.

The probability of Larry getting a contact is, P (X) = p = 0.40

The number of bids placed is, n = 6.

Each bid is placed on statistically independent small jobs.

The random variable X follows a Binomial distribution with parameters n = 6 and p = 0.40.

The expected value of a Binomial distribution is:

Compute the expected number of contracts Larry will get as follows:

Thus, the expected number of contracts Larry will get is 2.40.

if it is for a job, then you should learn everything you can about the job, like what does it involve, what qualification is required and how you are the right person for that job. dress appropriately for the interview. get plenty of rest the night before. good luck!

match the scenarios with terms related to financial aid.

pell grant

student loan

merit-based scholarship

richard is one of the leading college basketball players in the state of florida. he also maintains a good academic record. looking at his talent and potential, furman university offers to bear the expenses for his college education.

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anita wants to pursue a certificate program in sports nutrition. to pay for the course, she borrows money by filing the fafsa.

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nathan comes from a low-income household. he wants to pursue an undergraduate degree in marketing. he receives financial aid covering 50 percent of his college expenses. nathan does not have to pay back this amount.

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