Find the expected value.Mr. Cameron is sponsoring an summer concert. He estimates that he will make $300,000 if it does not rain and make $60,000 if it does rain. The weather bureau predicts the chance of rain is 0.34 for the day of the concert. An insurance company is willing to insure the concert for $150,000 against rain for a premium of $30,000. If he buys this policy, what are his expected earnings from the concert?
A. $180,000
B. $300,000
C. $270,000
D. $239,400
Answer: D
Mathematics
You might also like to view...
Decide whether the figure is convex or concave.
A. Convex B. Concave
Mathematics
Sketch the region completely enclosed by the graphs of the given functions f and g.
?
and 
?
A. ?
sq units.
?
B. ?
sq units.
?
C. ?
sq units.
?
D. ?
sq units.
?
Mathematics
Solve the problem.Cesaratto's Appliance and Auto Center is having a sale. Find the missing information for the items that were purchased. Round to the nearest cent.Total sale on stove:$331.04Sales tax rate:7.5%Price of stove:
A. $305.11 B. $307.94 C. $189.17 D. $310.84
Mathematics
For this problem, let 
, and 
, and find
tan ?
What will be an ideal response?
Mathematics