An artist travels to craft fairs all summer long. She must book her booth at a June craft show six months in advance and decide if she wishes to rent a tent for anextra $575 in case it rains on the day of the show. If it does not rain, she believes she will earn s2850 at the show. If it rains, she believes she will earn only $1850,provided she has a tent. If she does not have a tent and it does rain, she will have to pack up and go home and will thus earn S0. Weather records over the last 10years indicate there is a 0.4 probability of rain in June. Complete parts (a) and (b) below......(a) Prepare a profit matrix.1275 2275(Do not include the $ symbol in your answer.)0 2850(b) What should the artist do to maximize her expected revenue?O A. She should not rent the tent because the expected value is SO B. She should rent the tent because the expected value is S

Answered: Image /qna-images/answer/679b5def-8de2-4343-82d5-277baf8165e3.jpg

Answered: An artist travels to craft fairs all…

MATLAB: An Introduction with Applications

6th Edition

ISBN:9781119256830

Author:Amos Gilat

Publisher:Amos Gilat

Chapter1: Starting With Matlab

Section: Chapter Questions

Problem 1P

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A raffle is being held to benefit the local animal shelter. They sell 518 tickets that do not win any prize, 20 tickets that win a free adoption (valued at $20), and one ticket that wins $161 worth of pet supplies and toys. If they are selling the tickets for $5 each, how much should the shelter expect to earn for each ticket sold? Round to the nearest cent, as needed.
The local supermarket buys lettuce each day to ensure really fresh produce. Each morning, any lettuce that is left from the previous day is sold to a dealer that resells it to farmers who use it to feed their animals. This week, the supermarket can buy fresh lettuce for $5.00 a box. The lettuce is sold for $15.00 a box and the dealer that sells old lettuce is willing to pay $160 a box. Past history says that tomorrow's demand for lettuce averages 240 boxes with a standard deviation of 36 boxes How many boxes of lettuce should the supermarket purchase tomorrow? Note: Use Excel's NORM.S.INV() function to find the z value. Round your answer to the nearest whole number. Number of boxes
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What would Billy’s weekly net pay be if he earns $20 per hour and worked 40 hours per week. His deductions are FICA of 7.65%, federal income tax of 20%, and state income tax of 16%. He also has to pay $10 per week for health insurance.
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inal Exami 8 Tire pressure monitoring systems (TPMS) warn the driver when the tire pressure of the vehicle is 24% below the target pressure. Suppose the target tire pressure of a certain car is 30 psi (pounds per square inch.) (a) At what psi will the TPMS trigger a warning for this car? (Round your answer to 2 decimal place.) pped When the tire pressure is Probability (b) Suppose tire pressure is a normally distributed random variable with a standard deviation equal to 2 psi. If the car's average tire pressure is on target, what is the probability that the TPMS will trigger a warning? (Round your answer to 4 decimal places.) aw 11 - here to search E C psi. 1¹ Saved 20 H 89°F Su
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