Some statistics students estimated that the amount of change daytime statistics students carry is exponentially distributed with amean of $0.72. Suppose that we randomly pick 25 daytime statistics students.

1.In words, define the random variable X.

a. The variable of interest is the amount of change that a daytime statistics student carries.

b. the amount of change that a daytime statistics student carries

c. the total amount of money that a daytime statistics student carries

d. the number of daytime statistics students who carry changethe number of coins that a daytime statistics student carries

2. Give the distribution of X.

Why entrepreneurs start businesses. a) monopolistic competition b) perfect competition c) sole proprietorship d) profit motive

On january 1, eastern college received $1,350,000 from its students for the spring semester that it recorded in unearned tuition and fees. the term spans four months beginning on january 2 and the college spreads the revenue evenly over the months of the term. assuming the college prepares adjustments monthly, what amount of tuition revenue should the college recognize on february 28?

Sailcloth & more currently produces boat sails and is considering expanding its operations to include awnings for homes and travel trailers. the company owns land beside its current manufacturing facility that could be used for the expansion. the company bought this land 5 years ago at a cost of $319,000. at the time of purchase, the company paid $24,000 to level out the land so it would be suitable for future use. today, the land is valued at $295,000. the company has some unused equipment that it currently owns valued at $38,000. this equipment could be used for producing awnings if $12,000 is spent for equipment modifications. other equipment costing $490,000 will also be required. what is the amount of the initial cash flow for this expansion project?