Phil Dunphy, a real estate agent, is considering whether he should list an unusual $262,023 house for sale. If he lists it, he will need to spend $3,111 in advertising, staging, and fresh cookies. The current owner has given Phil 6 months to sell the house. If he sells it, he will receive a commission of $19,752. If he is unable to sell the house, he will lose the listing and his expenses. Phil estimates the probability of selling this house in 6 months to be 40%. What is the expected profit on this listing?

Answers

Answer 1

Answer: $4,789.80

Step-by-step explanation:

If Phil is able to sell the house, the profit he makes will be;

= Commission - expenses

= 19,752 - 3,111

= $16,641

If he is unable to sell in 6 months he will lose $3,111.

His expected profit will be a weighted average of the two possibilities;

= (40% * 16,641) + ( 60% * -3,111)

= ‭6,656.4‬0 + (-‭1,866.6‬)

= $4,789.80


Related Questions

I need help plz hurry

Answers

Answer:

a. 7

Step-by-step explanation:

Order of Operations: BPEMDAS

Step 1: Define

y - (x - z)

x = -4

y = 5

z = -2

Step 2: Substitute and Evaluate

5 - (-4 - (-2))

5 - (-4 + 2)

5 - (-2)

5 + 2

7

Answer:

A. 7

Step-by-step explanation:

Plug in the values of x, y, and z: 5 - (-4 - -2)Simplify: 5 - (-4 + 2)-4 + 2 = -2Plug -2 in: 5 - (-2)Simplify: 5 + 25 + 2 = 7

I hope this helps!

Subtract the equation
-7 - 12 =

Answers

Answer:

-19

Step-by-step explanation:

Answer:

-19

Step-by-step explanation:

In southern California, a growing number of individuals pursuing teaching credentials are choosing paid internships over traditional student teaching programs. A group of eight candidates for three local teaching positions consisted of five who had enrolled in paid internships and three who enrolled in traditional student teaching programs. All eight candidates appear to be equally qualified, so three are randomly selected to fill the open positions. Let Y be the number of internship trained candidates who are hired.
a. Does Y have a binomial or hypergeometric distribution? Why?
b. Find the probability that two or more internship trained candidated are hired.
c. Find the standard deviation and mean of Y.

Answers

Answer:

A) Hypergeometric

B) P( X ≥ 2) = 0.7143

C) Standard deviation: σ = 0.7087

Mean = 1.875

Step-by-step explanation:

A) Y has Hypergeometric distribution. This is because, the population is not definite and is largely a finite number of people that have one of the two characteristics. Also, a sample of 8 was selected from this population and a random variable of interest that contained the number of people with one of the characteristics.

B) We are told total candidates were 8.

Thus; N = 8

3 were for local teaching positions, thus; n = 3

5 were for paid internship, thus; r = 5

Now, the formula for Hypergeometric distribution is;

P(y) = {(rCy) × [(N-r)C(n-y)]}/(NCn)

Where C represents combination.

Thus, probability that two or more candidates were hired is;

P( X ≥ 2) = P(2) + P(3)

Now, N - r = 8 - 5 = 3

For P(2); n - y = 3 - 2 = 1

For P(3); n - y = 3 - 3 = 0

Thus;

P(2) = {(5C2) × (3C1}/(8C3)

P(2) = 30/56

P(2) = 0.5357

P(3) = {(5C3) × (3C0}/(8C3)

P(3) = 10/56

P(3) = 0.1786

Thus;

P( X ≥ 2) = 0.5357 + 0.1786

P( X ≥ 2) = 0.7143

C) Formula for standard deviation in Hypergeometric distribution is;

σ = √[(nr/N) × ((N - r)/n) × ((N - n)/(N - 1))]

nr/N = (3 × 5/8) = 15/8

((N - r)/N) = (8 - 5)/8 = 3/8

((N - n)/(N - 1)) = (8 - 3)/(8 - 1) = 5/7

σ = √((15/8) × (3/8) × (5/7))

σ =√0.5022

σ = 0.7087

Formula for mean in Hypergeometric distribution is;

E(Y) = nr/N = 3 × 5/8 = 1.875

x=4/9,y=1/2, and z=3/5 6wy-3z

Answers

Answer: The answer would be - 7/5 or (-0.46)

Plug in the numbers that each letter equals. So you get 6(4/9)(1/2) - 3(3/5). Then you just simplify.

7 – 0.2n = -0.8n + 10
What value of n makes this equation true?
Please helpp

Answers

The answer to the equation is [tex]n=5[/tex]

First, you must add 0.8n on both sides.

[tex]0.6n+7=10[/tex]

Then, subtract 7 from both sides.

[tex]0.6n=3[/tex]

Finally, divide both sides by 0.6

[tex]n=5[/tex]

A simple index of three socks have opening values on day 1 and day 8 as shown in the table below. What is the rate of change of this simple index over one week? Round your answer to the nearest tenth

Answers

Answer: -7.7%

Step-by- A P E X

What is |-5 x 6 + 7|?

23


-65


-37


37

Answers

Answer:

your answer is A

Step-by-step explanation:

The answer is positive 23. This is because -5 times 6 is -30 and if you add 7 it will be -23 but it is is the absolute value so your answer will be positive no matter what! Hope this helps! :))))))))))

Which number has the same absolute value
as 8

Answers

Answer:8

Step-by-step explanation:

4h + 3f + 3c + f + 2c + h + 2c pls help

Answers

Answer:

5h + 4f + 7c

Step-by-step explanation:

Combine like terms!

4h + h = 5h

3f + f = 4f

3c + 2c + 2c = 7c

And you can't put numbers together that have different variables.

how many numbers are between k and n

Answers

Answer:

n-k-1

Step-by-step explanation:

n is bigger than k. It asks BETWEEN k and n. so, since n is bigger than k, n-k. since it says BETWEEN, you subtract 1 after that

got it?

=)

oh and the reason i am strict about BETWEEN, is because when it said between, then its discluding k and n.

If it says FROM k and n, then you both include k and n, and that would result of adding 1 instead of subtracting 1.

HELP ME ASAP!!! I WILL MARK BRAINLIEST!!

Answers

Answer:

76.95

Step-by-step explanation:

9.5X8/1(8.1 IS THE NUMBER YOU MULTIPLY IT BY)=76.95

Write 3.4 times 10^-2

Answers

3.4% divided by 14 39$:&;6;$;$&;!;$;$

Answer:

0.034

Step-by-step explanation:

10^-2 is 1 over 100 times 3.4

(5/6) 2 x (1 1/10) 2

Answers

Answer:

11/3x

your welcome

Some car jacks are constructed like a collapsed rhombus. When used to raise a​ car, the rhombus is easily seen. If the sides of the rhombus are 15​", what is the maximum length of the​ shaft?

Answers

Complete question is;

Some car jacks are constructed like a collapsed rhombus. When used to raise a car, the rhombus is easily seen. If the sides of the rhombus are 15 inches, what is the maximum length of the shaft?

Answer:

Maximum length of shaft = 30 inches

Step-by-step explanation:

To understand this clearly, I've attached a real life image of a car jack that's in the shape of a rhombus.

From the attached image, we can see that it has four sides which are equal in length.

Now, if this jack is collapsed, the shaft will just be like a straight line with a maximum length equal to twice a side of the rhombus which represents the maximum length of the diagonal.

Since we are told that one side of the rhombus is 15 inches, it means that the maximum length of shaft = 2 × 15 = 30 inches

The temperature at 4:00 p.m. was 2.5'F. It
dropped 0.75°F each hour for the next 4 hours.
What was the temperature at 8:00 p.m.?

Answers

Answer:-0.5; 0.75*4=3, 2-3=-0.5

Step-by-step explanation:

Answer:

-0.5...............

is 3.4567 irrational or rtional

Answers

3.4567 is irrational

Answer:

3.4567 is a rational number

Step-by-step explanation:

An irrational number has no ending while a rational number does. An irrational number can not be written as a fraction while a rational number can. Basically, all you have to do to figure out if a number is rational or irrational is to figure out if it has an ending.

For example, if you had 234.888888888 irrational but if the number was 234.98989654 then it would be rational

57.99 The 9 in the hundredths place is _______ the value of the 9 in the tenths place.

Answers

Answer:The 9 in the hundredths place is 0.1x the value of the 9 in the tenths place.

Step-by-step explanation:

Every place going forward is 10x forward, so this means that every place going backwards is 0.1x.

Answer:

1/10th

Step-by-step explanation:

How do i turn 80% 0f 86- i know the answer but i don't know how to do it

Can someone please teach me

Answers

We know that of refers to multiplication (from BODMAS)

% means per hundred, i.e., 1/100

So, 80% of 86 is:

(80/100) × 86

or (4/5) × 86

or 4 × 17.2

or 68.8

Hope you understand

Answer:

68.8

Step-by-step explanation:

Let x be 80% of 86.

To find 80% of 86

[tex] \frac{80}{100} = \frac{x}{86} [/tex]

[tex]80 \times 86 = 100x[/tex]

[tex]6880 = 100x[/tex]

[tex]68.8 = x[/tex]

Or you can simply do it as:

[tex]86 \times 80\%[/tex]

[tex]86 \times \frac{80}{100} [/tex]

[tex] \frac{86 \times 80}{100} [/tex]

[tex] \frac{6880}{100} [/tex]

[tex]68.8[/tex]

A submarine started at a depth of 150 below sea level and descended 355 feet what is the new depth of the submarine?

A. 370 ft
B. 205 ft
C. 0 ft
D. 505 ft


Plz answer ASAP got test

Answers

Its 205 I did a test

PLASE ANSWER THIS!! MARKING BRAINLEIST

Answers

1. 59049

2. a^12

3. 8a^6

4. 16a^ 10 b^6

5. 9a^4

6. s^6 t^12

7.  s^5 / t^5

8. 6561

9.  s^2 t^8 / r^2

10.  81a^2 b^6

Simplify and find the value for 1) x = -1, y = 1 and z = 2 (x – 2y) (3x2 + 4xy – y 2 )

Answers

Just asking is algebra

Answer:

Step-by-step explanation:

(1-2*1) (3*2+4*-1*1- 1*2)

=-1 (6+4-1-2)

-1*7

-7

Which of the following is a true statement?
6/9 = 1/3
1/4 > 1/3
13/15 > 4/5
5/6 > 10/12

Answers

Answer:

13/15 > 4/5 is a true stament.

Step-by-step explanation:

The left side is 0.86 repeating turned into a decimal. which means 0.86 is greater than the right which the right is 0.8 turned into a decimal. which in this case this means that the given stament is always true.

Solve for x. 6+X-7= 16​

Answers

Answer:

X=17

Step-by-step explanation: You would first group like terms. Then you would do 6-7. Then you would add 1 to both sides and get X=17.

Answer:

x=17

Step-by-step explanation:

Groups like terms

x+6-7=16

Subtract the numbers: 6-7= -1

x-1=16

Add 1 both sides

x-1+1=16+1

Simplify

x=17

63+5(8+1/5)

the 6 and 3 is not 63 it is 6 and a 3 in the corner.

Answers

By Simplifying, The Answer is 257.

Given the formula A = pi r squared, how does the A vary in relation to the square of the radius?
a.
varies inversely
c.
varies jointly
b.
varies directly
d.
no relationship

Answers

I think it’s the third one. As the radius increases, so does the area.

An investigation of wages paid to its employees by a large company was undertaken as a result of an allegation of discrimination. Data was collected for 1000 randomly selected employees. The data included employee ID, gender, race, annual wages in dollars (Salary), whether the employee had full-time status or part-time status (Full_Part), number of years of education (Ed), and number of years with the company (Tenure). The first two rows of data in the worksheet are displayed below.
1 Gender Race Salary Full_Part Ed Tenure
2 Female Caucasian 32196 Full 14 2
3 Male Black 62385 Full 16 10
How many cases does this data set contain?
How many variables does this data set contain? (3 p)
How many quantitative variables does this data set contain, and what are they? How many qualitative variables does this data set contain, and what are they?

Answers

Answer:

Step-by-step explanation:

First, the data set is:

  Gender     Race        Salary   WorkTimeStatus   Education   Tenure

1. Female  Caucasian  32196     Full Time                     14yrs          2 yrs

2. Male      Black          62385    Full Time                     16yrs         10yrs

Now to the questions:

(A) This data set contains 2 cases; 1 for the first employee (the female caucasian) and 2 for the second employee (the male black).

(B) This data set contains 6 variables;

1. Gender  2. Race  3. Salary  4. Work time status  5. Years of education

6. Number of years in/with the company

(C) Out of these 6 variables, the quantitative ones (those that can be measured or weighted numerically) are:

3. Salary   5. Years of education   6. Years with the company

Altogether, 3 in number

(D) The qualitative variables are:

1. Gender   2. Race   4. Work Time Status

Altogether that's 3 variables

When Jeremy made 8 black and white copies and 2 color copies at a copy shop, the cost was $1.20. When he made 10 black and white copies and 10 color copies, the cost was $3.00. How much do black and white copies cost? ​

Answers

Answer:

10¢

Step-by-step explanation:

First, to be able to differentiate between the B&W and Color copies, use x in place of the B&W copies and y in place of the Color copies.

Then, write a system of equations to solve (the system of equations input was not working, so there is no brace):

 8x + 2y = $1.20

 10x + 10y = $3.00

Then, solve the system of equations:

   8x +  2y = $1.20

 10x + 10y = $3.00

Isolate x to be able to substitute:

8x + 2y = $1.20

8x = -2y + 1.2

x = -2/8y + 1.2/8

x = -0.25y + 0.15

Substitute:

10x + 10y = $3.00

10 (-0.25y + 0.15) + 10y = 3

-2.5y + 1.5 + 10y = 3

7.5y + 1.5 = 3

7.5y = 1.5

y = $0.20

Now that you have the cost of the Colored copies, you can plug it in to find the B&W copies:

8x + 2y = $1.20

8x + 2(0.2) = 1.2

8x + 0.4 = 1.2

8x = 0.8

x = $0.10

f(n)= 4n+4
g(n)= n + 1
Find (f + g)(n)

Answers

(F+g)(n) = f(n)+g(n) = 4n+4+n+1 = 5(n+1)

What decimal is equivalent to StartFraction 8 over 100 EndFraction

Answers

Answer:

8/100 is equivalent to 0.08

It is 0.08 I agree with the person answer above just show evidence

Answer please so hard

Answers

Answer:

b s=3w

Step-by-step explanation:

when graphed its a straight line and it goes through the orgin so its proportional

Yeah b because proportions are the same ratios written in different forms. You can just plug in numbers for the variables.
Other Questions
Hummingbirds beat their wings very fast. The smaller thehummingbird is, the faster its wings beat. The average hummingbird beats itswings about 3 x 10 3 times a minute. How many times a minute is that, written asa whole number? Pls help me! I will give brainliest C10.6 Recall Q-1 Identify the correct sentence. A.The television news had the story before the New York Times did.B.The television news had the story before the New York Times did.C.The television news had the story before the New York Times did.D.The television news had the story before the New York Times did I need help please its a test and I dont understand Please help will give brainliest answer Help plz!!!!!!!!!!!!!!!!! oliver runs a mile in 6 minutes. he left his house and ran 2 miles north, 3 miles east, then run back to his house. what was the total distance of olivers run Progressives view the Constitution as a "___________" document designed to be changed. Which of the following scenarios is the best example of cultural diffusion?A.American English is taught in schools throughout the United States.B.McDonald's opens more restaurants throughout the United States.C.The Iowa State Fair hosts a cow-milking contest with local farmers' cattle.D.Salsa dancing becomes popular in Miami, Florida, due to a large Latino population.Based on this map of oil imports, which nation imported the greatest number of oil barrels each day in the years before 2006?A.ChinaB.AustraliaC.CanadaD.the United States Which molecule is most common in the human body?O A. H2B. N2C. H20D. CO2 A parabola has a vertex of (-2,1) and passes through the point (0,-7). What is the value of amplitude what is the best estimate of 45 percent of 76 Factorise fully -14x - 8ease do quick, will mark brainiest! Plz help I really need it and be 100% right plz. Jane's garden is 3.4 meters by 6.5 meters. If fencing costs $2.25 per meter, how much will it cost to put fence around her garden? I need help plsssssssss what is 300 = 120,000 there is nothing between the and = cuz its asking me 300 what = 120,000. Express 7.409 in word form. A cubic meter (m) is ________. a cubic centimeter (cm).a.equal tob.smaller thanc.larger than d.diferent form which are the reasons why most Europeans favored appeasement of Germany during the 1930s Fill in the blankWhat light does the mixing of red, green, and blue light form?The mixing of red, green, and blue light forms ______light.