subject
Mathematics, 24.02.2021 08:30 EndiaGracee

A construction company submitted bids for three contracts. The company estimates that it has a 20% chance of winning any given bid. Let X represent the number of bids the company wins. Here is the
probability distribution of X along with summary statistics:

X = # of bids won-
0 1 2 3

P(X)-
0.512 0.384 0.096 0.008

Mean: µx=0.6
Standard deviation: σx=0.69

It costs the company a total of $2,000 to submit these bids, and they stand to gain $10,000 for each bid
they win. Let V represent their net gain from submitting these three bids.
What are the mean and standard deviation of V?
µv= dollars
σv=dollars

ansver
Answers: 1

Another question on Mathematics

question
Mathematics, 21.06.2019 15:30
Guests at an amusement park must be at least 54 inches tall to be able to ride the roller coaster. which graph represents the set of heights that satisfy this requirement?
Answers: 3
question
Mathematics, 21.06.2019 18:00
Plz determine whether the polynomial is a difference of squares and if it is, factor it. y2 – 196 is a difference of squares: (y + 14)2 is a difference of squares: (y – 14)2 is a difference of squares: (y + 14)(y – 14) is not a difference of squares
Answers: 1
question
Mathematics, 21.06.2019 18:00
Marla bought a book for $12.95, a binder for $3.49, and a backpack for $44.99. the sales tax rate is 6%. find the amount of tax and the total she paid for these items
Answers: 3
question
Mathematics, 21.06.2019 18:10
Josh has a rewards card for a movie theater he receives 15 points for becoming a rewards card holder he earns 3.5 points for each visit to the movie theater he needs at least 55 points to earn a free movie ticket which inequality can josh use to determine x, the minimum number of visits he needs to earn his first free movie ticket.
Answers: 1
You know the right answer?
A construction company submitted bids for three contracts. The company estimates that it has a 20%...
Questions
Questions on the website: 13722367