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Mathematics, 21.06.2019 15:50
Agreeting card company can produce a box of cards for $7.50. if the initial investment by the company was $50,000, how many boxes of cards must be produced before the average cost per box falls to $10.50?
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Mathematics, 21.06.2019 16:30
Arestaurant gives out a scratch-off card to every customer. the probability that a customer will win a prize from a scratch-off card is 25%. design and conduct a simulation using random numbers to find the experimental probability that a customer will need more than 3 cards in order to win a prize. justify the model for your simulation, and conduct at least 10 trials.
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Mathematics, 21.06.2019 18:30
You were told that the amount of time lapsed between consecutive trades on the new york stock exchange followed a normal distribution with a mean of 15 seconds. you were also told that the probability that the time lapsed between two consecutive trades to fall between 16 to 17 seconds was 13%. the probability that the time lapsed between two consecutive trades would fall below 13 seconds was 7%. what is the probability that the time lapsed between two consecutive trades will be between 14 and 15 seconds?
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