You are waiting tables on the side, in order to make rent. You pick up one shift (one day,determined at random) per week. Business is very predictable - on Mondays, 10 tables areoccupied with patrons, on Tuesdays, 20 tables, Wednesdays 30 tables, 40 tables on Thursdaysand 50 on Fridays. You can assume that you make $10 in tips per table. Your annual rent is$14,400. What is the probability that you are able to make rent from this job, this year?(assuming you work all 52 weeks without a vacation or break)?

Answer: The Probability that you are able to make rent from this job =3/5

Answered: You are waiting tables on the side, in…

A First Course in Probability (10th Edition)

10th Edition

ISBN:9780134753119

Author:Sheldon Ross

Publisher:Sheldon Ross

Chapter1: Combinatorial Analysis

Section: Chapter Questions

Problem 1.1P: a. How many different 7-place license plates are possible if the first 2 places are for letters and...

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An insurance company sells a $12,000, five-year term life insurance policy to an individual for $640. Find the expected return for the company if the probability the individual will live for the next five years is 0.98. (Round your answer to the nearest cent.) (Don't Hand writing in solution) .
Camila sets up a passcode on her tablet, which allows only five-digit codes. A spy sneaks a look at Camila's tablet and sees her fingerprints on the screen over five numbers. What is the probability the spy is able to unlock the tablet on his first try? Express your answer as a fraction in lowest terms or a decimal rounded to the nearest millionth.
Suppose you are producing an outdoor festival. You estimate that you will make $100000 if it does not rain and make $50000 if it does rain. The weather bureau predicts that the chance of rain is 35% for the day of the concert. What are your expected earnings for the festival?
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