7. The XYZ Office Supplies Company sells calculators in bulk at wholesale prices, as well as individually at retail prices. Next year's sales depend on market conditions, but executives use probability to find estimates of sales for the coming year. The following tables are estimates for next year's sales. WHOLESALE SALES Number Sold Probability 2,000 0.1 5,000 0.3 10,000 0.4 20,000 0.2 Number Sold Probability RETAIL SALES 600 0.4 1,000 0.5 1,500 0.1 What profit does XYZ Office Supplies Company expect to make for the next year if the profit from each calculator sold is $20 at wholesale and $30 at retail?

Answers

Answer 1
Answer:

Answer

given,

WHOLESALE SALES

Number Sold    2,000            5,000             10,000         20,000

Probability           0.1                  0.3                  0.4                 0.2

RETAIL SALES

Number Sold    600                1,000              1,500        

Probability           0.4                 0.5                  0.1          

Wholesale Sold

= 2000 (0.10) + 5000 (0.3) + 10000 (0.4) + 20000 (0.2)

= 9700

Cost = 9700 x $20

        = $ 194,000

Retail Sale

= 600 (0.4) + 1000 (0.5) + 1500 (0.1)

= 890

Cost = 890 x $30

        = $ 26,700

Profit this year

    = $ 194,000 + $ 26,700

    = $ 220,700


Related Questions

Thirty times the square of a non-zero number is equal to eight times the number. what is the number?
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N Squared - N = 90N =?
Mark is looking for professional financial assistance. Mark has never invested before and is not quite sure where to start. He knows that he wants to build up investments for future projects such as retirement, but he is not sure how to navigate investment in light of his existing debts. Recommend an appropriate financial professional for Mark.
If AB = 4x +10, BC = 2x +3 and AC= 9x - 15 find AC. and show work plzz !!!!

Alberto wants to keep their favorite tree from being uprooted by heavy winds. They plan to tie 3 sections of rope to a band on the trunk of the tree, 5 feet above the ground. They will tie each section of the rope to a stake in the ground 12 feet out from the base of the tree. How much rope will he need altogether?

Answers

Answer:

39 ft

Step-by-step explanation:

Using the description as a guideline I have drawn out the situation (badly drawn) as seen in the picture below. From the picture, we see that we need to find x which is the length of one of the ropes. Once we have this length we simply multiply it by 3 to find out how much rope we need altogether. Since this is the diagonal of a triangle we can use the Pythagorean theorem to solve for x.

Pythagorean theorem: a^(2) +b^(2)  = c^(2)  .... which a and b are the two sides while x is the diagonal.

5^(2) +12^(2) = x^(2)

25 + 144 = x^(2)

169 = x^(2) ... now we square root both sides

13 = x

Now that we have the length of one of the ropes we simply multiply this by 3 to find the total amount of rope needed.

13 * 3 = 39 ft

How many terms are in the arithmetic sequence 7, 0, –7, …,–175?

Answers

Answer:

27 terms

Step-by-step explanation:

a1 = 7

nth term is -175

common difference d= 0-7 = -7 or -7 - 0 = -7

nth term = first term + ( n-1) * common difference

-175 = 7 + ( n - 1 ) * (- 7)

-175 = 7 - 7n + 7

-175 = 14 - 7n

-175-14 = -7n

-189 = - 7n

n= -189 /-7

n=27

Josh's gross pay was 320.00 this week. How much in FICA will be withheld from his check

Answers

Given:
gross pay for the week: 320

FICA - Federal Insurance Contribution Act
Social Security Tax = 6.2% of his wages
Medicare Tax = 1.45% of his wages

SST = 6.2% * 320 = 19.84
MT = 1.45% * 320 =   4.64

Total FICA withheld = 19.84 + 4.64 = 24.48

Keshawn is asked to compare and contrast the domain and range for the two functions.f(x) = 5x
g(x) = 5^x
Which statements could he include in his explanation? Check all that apply.
The domain of both functions is all real numbers.
The domain of f(x) is x > 5.
The domain of g(x) is x > 5.
The range of both functions is y > 5.
The range of f(x) is y > 0.
The range of g(x) is y > 0.

Answers

Answer:

Hence, option 1 is correct.

Hence, last option is correct.

Step-by-step explanation:

We have given two function

f(x)=5x  and g(x)=5^x

Domain is the values x can take and

And range is the values y can take

Hence, x can take any real value in both the functions in f(x) and g(x)

Hence, option 1 is correct

Now, for range

range of f(x) can be any real number

But range of g(x) can be positive number

Hence, last option is correct.

Rest all options are incorrect.

He could include two statements:
-  The domain of both functions is all real numbers.
-  The range of g ( x ) is y > 0 

Least these in order from least to greatest 1.2, 02, 1.02, 1.002 ​

Answers

02, 1.2, 1.02, 1,002

In Salem, 82% of the households have cable television and Internet access and 90% of the houses have cable television. What is the probability that a house has Internet access given that it has cable television?A) 8%
B) 67%
C) 73%
D) 91%

Answers

The formula for conditional probability is:
P(A|B)=(P(A\cap B))/(P(B))
P(I|C)=(P(I\cap C))/(P(C))=(0.82)/(0.90)=0.91
The correct answer choice is therefore D) 91%

The answer is D. 91%