You want to invest in a hot dog stand near the ballpark. you have a 0.35 probability that you can turn your current $15,000 into $50,000 and an 0.65 probability that fierce competition will drive you to ruin, losing all your money. if you decide not to enter, you keep your $15,000. would you enter the market?

Step-by-step explanation:

The probability that you can turn your current $15,000 into $50,000. This means that the probability of success is 0.35. In terms of percentage, it is 0.35×100 = 35%

You have a 0.65 probability that fierce competition will drive you to ruin, losing all your money. This means that the probability of failure is 0.65. In terms if percentage, it is 0.65×100 = 65%

Looking at the percentage, entering the market will be too risky so I won't enter market since the chance of failing is very high compared to that of succeeding

tickets for the harlem globetrotters

show at michigan state university in

2010 cost $16, $23, or, for vip seats, $40.

total revenue = 16x + 23y + 40z

if 9 times as many $16 tickets were sold

as vip tickets,

x = 9z => x – 9z = 0, if 9 times as many $16 tickets were sold

as vip tickets,

x = 9z => x – 9z = 0, sales of all three kinds of tickets would

total $46,575.

16x + 23y + 40z = 46575, how many of each kind of ticket would

have been sold?

solve for x, y and z

x − 9z = 0

x − y − z = 55

16x + 23y + 40z = 46575

x = 1170

y = 985

z = 130

welcome!

f

step-by-step explanation:

f