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Mathematics, 01.09.2020 23:01 amortegaa805
Problem 16-05 To generate leads for new business, Gustin Investment Services offers free financial planning seminars at major hotels in Southwest Florida. Gustin conducts seminars for groups of 25 individuals. Each seminar costs Gustin $3300, and the average first-year commission for each new account opened is $5100. Gustin estimates that for each individual attending the seminar, there is a 0.01 probability that he/she will open a new account. Determine the equation for computing Gustin’s profit per seminar, given values of the relevant parameters. Round your answers to the nearest dollar. Profit = (New Accounts Opened × $ 5100 ) – $ 3300 What type of random variable is the number of new accounts opened
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Mathematics, 22.06.2019 01:00
Arrange the steps to solve this system of linear equations in the correct sequence. x + y = -2 2x – 3y = -9 tiles subtract 3x + 3y = -6 (obtained in step 1) from 2x – 3y = -9 (given) to solve for x. substitute the value of x in the first equation (x + y = -2) to get y = 1. the solution for the system of equations is (-3, 1). x = -15 the solution for the system of equations is (-15, 13). add 3x + 3y = -6 (obtained in step 1) to 2x – 3y = -9 (given), and solve for x. x = -3 substitute the value of x in the first equation (x + y = -2) to get y = 13. multiply the first equation by 3: 3(x + y) = 3(-2) 3x + 3y = -6.
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Problem 16-05 To generate leads for new business, Gustin Investment Services offers free financial p...
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