Mathematics, 09.04.2021 04:10, aaliyah80
Based on past experience, a firm of architects sets the probability of winning a contract at 0.35. The contract is worth $18,000 and the firm calculates it would cost $3,600 to prepare a contract proposal. (6 marks)
a) Find the expected value of the contract proposal.
b) Is it financially a good idea for the firm to bid on the contract? Why?
Answers: 1
Mathematics, 21.06.2019 16:10, lilyplant4289
The number of hours per week that the television is turned on is determined for each family in a sample. the mean of the data is 37 hours and the median is 33.2 hours. twenty-four of the families in the sample turned on the television for 22 hours or less for the week. the 13th percentile of the data is 22 hours. approximately how many families are in the sample? round your answer to the nearest integer.
Answers: 1
Mathematics, 21.06.2019 20:00, trevorhenyan51
Ahiker stands at an unknown elevation before he ascends 2 miles up a mountain to an elevation of 9 miles. find the elevation of the hiker before his ascent.
Answers: 1
Based on past experience, a firm of architects sets the probability of winning a contract at 0.35. T...
Mathematics, 07.05.2020 07:58