1. a construction company is planning to bid on a building contract. the
bid costs $1,500 and has an 80% chance of being accepted. if accepted,
the company will receive $40,000 dollars. find the expected value.

The expected value of construction company is $30500.

Solution:

Given, A construction company is planning to bid on a building contract.  

The bid costs $1,500 and has an 80% chance of being accepted.  

If accepted, the company will receive $40,000 dollars.  

We have to find the expected value.

We know that,  

Expected value = probability amount gained by bidding – bid amount

Expected value = 80% x 40000 – 1500

Expected value = 0.8 x 40000 – 1500

Expected value = 32000 – 1500

Expected value = 30500

Hence, the expected value is $30500.

step-by-step explanation:

let

we know that

the y-intercept is the y-coordinate of the point when the value of x is equal to zero

so

the y-coordinate of the point a is the y-intercept

the answer part a) is

the value of y-intercept is

part b) find the slope m

we know that

the value of the slope is equal to

substitute the values

therefore

the answer part b) is

the value of the slope is equal to

the general answer is

the slope is

the value of y-intercept is

answer:

it is general formula that is used to write value to its excet position

a11 a12 a13

a21 a22 a23

it is the example of order 2 by 3 matrix in this

a11 means value occur in 1 st row 1st column

a12 means value occurs in 1st row 2nd column

a13 means value occur in 1st row and 3rd column

a21 means value occurs in 2nd row and 1st column

a22 means value occurs in 2nd row and in 2nd column

a23 means value occurs in 2nd row and in 3rd column