Mathematics, 13.05.2021 03:30 cyni
Lesson 6.11: Bob earns $60,000 a year at an accounting firm. Each year, he receives a raise. Bob
has determined that the probability that he receives a 10% raise is 0.7, the probability that he earns
a 3% raise is 0.2, and the probability that he earns a 2% raise is 0.1.
A competing company has offered Bob a similar position for $65,000 a year. Bob wonders if he
should take the new job or take his chances with his current job. SHOW ALL WORK!
A) Find the mathematical expectation of the dollar amount of his raise at his current job.
B) Based only on the mathematical expectation found (monetary earnings), should Bob stay at his
current job or accept the new job? Explain your reasoning,
Answers: 2
Mathematics, 21.06.2019 20:30, bryce59
Suppose you just purchased a digital music player and have put 8 tracks on it. after listening to them you decide that you like 4 of the songs. with the random feature on your player, each of the 8 songs is played once in random order. find the probability that among the first two songs played (a) you like both of them. would this be unusual? (b) you like neither of them. (c) you like exactly one of them. (d) redo () if a song can be replayed before all 8 songs are played.
Answers: 2
Lesson 6.11: Bob earns $60,000 a year at an accounting firm. Each year, he receives a raise. Bob
ha...
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