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anonymous

  • 5 years ago

problem i need help suppose the probability of rain is 50%. what profit can the concession stand expect to make? this are the equations (p=2.50v-500 and v=600-500r)

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  1. anonymous
    • 5 years ago
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    hey

  2. anonymous
    • 5 years ago
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    could you give the exact question as written?

  3. anonymous
    • 5 years ago
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    thats the exact question thats why i don't ge it

  4. anonymous
    • 5 years ago
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    Suppose r = P(rain), p = profit and -600 and -500 are constant expenses: Now: \[P(rain) = 0.5\] Thus: \[p=2.5*(600-500*0.5)-500=375\] We can also find out that when: \[\lim_{r \rightarrow 1} 2.5*(600 - 500*r) - 500\] \[p \rightarrow-250\] and \[\lim_{r \rightarrow 0} 2.5*(600 - 500*r) - 500\] \[p \rightarrow1000\]

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