Cayla's answer to Chelsia's Secondary 4 E Maths Singapore question.
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Probability of rain = 0.3
Probability of no rain =1-0.3=0.7
Expected profits = expected sum collected - cost incurred = 0.7×$15000-0.3×$8000=$8100
Probability of no rain =1-0.3=0.7
Expected profits = expected sum collected - cost incurred = 0.7×$15000-0.3×$8000=$8100
Date Posted:
3 years ago