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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=2.50v500 and v=600500r)
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=2.50v500 and v=600500r)

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anonymous
 5 years ago
Best ResponseYou've already chosen the best response.0could you give the exact question as written?

anonymous
 5 years ago
Best ResponseYou've already chosen the best response.0thats the exact question thats why i don't ge it

anonymous
 5 years ago
Best ResponseYou've already chosen the best response.0Suppose r = P(rain), p = profit and 600 and 500 are constant expenses: Now: \[P(rain) = 0.5\] Thus: \[p=2.5*(600500*0.5)500=375\] We can also find out that when: \[\lim_{r \rightarrow 1} 2.5*(600  500*r)  500\] \[p \rightarrow250\] and \[\lim_{r \rightarrow 0} 2.5*(600  500*r)  500\] \[p \rightarrow1000\]
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