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

Factorise fully
-14x - 8

ease do quick, will mark brainiest!​

Answers

Answer:

-2( 7x+4)

Step-by-step explanation:

-14x - 8

Factor out -2

-2*7x -2*4

-2( 7x+4)

Answer:

2(-7x -4)

Step-by-step explanation:

[tex] - 14x - 8[/tex]

Write -8 as -4×2

[tex] - 14x + 2 \times 4[/tex]

Factor out common term : 2

[tex]2( - 7x - 4)[/tex]

Ok so If and anchor descends -17.5 meters down in the ocean in 5 seconds, how much does it descend in 1 second?

Answers

-3.5 meters

explanation:
Divide -17.5 by 5 to get the distance the anchor travels in one second
-3.5 meters
Pls give the top person branly

The school band is in charge of a new set of uniforms made with a new logo. A local

business charges $140 to set up the logo with the design and $0.25 in materials per

logo printed. The function C(x) = 140+0.25x / x

represents the average cost per logo if x

uniforms are printed by this business.

a. What is the average cost per uniform to get the logo printed on 25 uniforms?

b. What is the average cost per uniform to get the logo printed on 100 uniforms?

C. How many uniforms should be printed to have an average cost of $1 per logo?

d. What will happen to the price as the number of uniforms printed increases?

Answers

Answer:

a. [tex]C(25) = 146.25[/tex]

b. [tex]C(100) = 165[/tex]

c. [tex]x = 187[/tex]

d. Increment in number of uniform causes an increment in price

Step-by-step explanation:

Given

[tex]C(x) = 140 + 0.25x[/tex]

Solving (a)

[tex]x = 25[/tex]

This gives:

[tex]C(x) = 140 + 0.25x[/tex]

[tex]C(25) = 140 + 0.25 * 25[/tex]

[tex]C(25) = 140 + 6.25[/tex]

[tex]C(25) = 146.25[/tex]

Solving (b):

[tex]x = 100[/tex]

This gives:

[tex]C(x) = 140 + 0.25x[/tex]

[tex]C(100) = 140 + 0.25 * 100[/tex]

[tex]C(100) = 140 + 25[/tex]

[tex]C(100) = 165[/tex]

Solving (c):

Average cost = $1 per logo

For x logos,

Average cost = $1 * x

Average cost = $x

So, we have:

[tex]C(x) = 140 + 0.25x[/tex]

[tex]x = 140 + 0.25x[/tex]

Collect Like Terms

[tex]x - 0.25x = 140[/tex]

[tex]0.75x = 140[/tex]

Solve for x

[tex]x = 140/0.75[/tex]

[tex]x = 187[/tex] ---- Approximated

Solving (d): What happens when number uniform increases.

Notice that in (a) & (b).

x increases from 25 to 100

Price also increases from $146.25 to $165.

Hence:

Increment in number of uniform causes an increment in price

Who likes sushi?!?!?!

Answers

Answer:

I do :)

Step-by-step explanation:

Lol I usually get the crunchy roll

Write the decimal represented by each shaded square.

Answers

Answer:

Hello!!! Princess Sakura here ^^

Step-by-step explanation:

The decimal would be .70 because there's 70 squares that are shaded.

Using exponential maths what is 2x = 1/128

Answers

The answer is 1/256 hope this helps

Explanation: if u need to show your work lemme know just comment and I’ll get a notification

Answer ASAP: What is the smallest positive number that can be added to 55 so that the resulting number and 45 have 9 as their greatest common factor?

Answers

Answer:

55 + 45 = 90

90 divided by  45 = 2

90 divided by 9 = 10

Step-by-step explanation:

is 10 15 18 equal to a right triangle

Answers

Answer:

no

Step-by-step explanation:

Right triangles follow the Pythagorean theorem:

[tex]a^2+b^2=c^2\\c=\sqrt{a^2+b^2}\\18=\sqrt{10^2+15^2} \\18=\sqrt{325} \\18 != 18.0277\\[/tex]

Because this statement isn't true, the side lengths are not for a right triangle.

PLEASE HELP ME What is the amount of rain fall for the 1M 6 months of the year in Kennedale Texas
Arlington Texas Rainfall Amounts
Month
January
February
March
April
May
June
Rainfall Amount
+0.5 inches
-1.26 inches
+0.32 inches
+3.71 inches
- 1.27 inches
-2.40 Inches
A 2 inches
B. -0.4 inches
C 0.8 inches
D. -1.3 inches
Loo

Answers

Answer:

.5

Step-by-step explanation:

1/4(-16x+8)? simplify or expand the expression​

Answers

Answer:

-4x+2

Step-by-step explanation:

The rule (x, y)→(x−1, y-3) represents a translation 1 unit ____ and 3 units ____

Answers

Answer: left, down

Hope this helps.

Please find the area

Answers

Answer:

the answer is 6cm like its really obvious

Simplify. 32v2 the power of 4/ 8v to the power of 6

Answers

the answer is 4/v to the power of two

Help, please I need it. I am horrible at math.

Answers

B is the answer!!!!!!!!

working through this one. An airplane cuts through the morning sky. For every 1,000 feet that it climbs, the outside temperature drops 20 degrees Fahrenheit What is the rate of temperature change in degrees Fahrenheit per foot? In the following activity, you'll use what you know about dividing rational numbers to find the solution. Complete the steps below to answer the question. write the change in elevation and the temperature as rational number.​

Answers

Answer:

Step-by-step explanation:

The air plane is rising so the change in elevation is +1000 feet. The temp dropped and is -20 degrees ferhenhite.

PLEASE HELP WITH THIS WILL GET EXTRA POINTS

Answers

Answer:

1.2

2.4

3.6

4.8

5.9

6.4

7.3

8.6

Step-by-step explanation:

Eight individuals are candidates for positions of president, vice president, and treasurer of an organization. How many possibilities of selections exist

Answers

Answer:

336

Step-by-step explanation:

It is given that,

Total number of individuals are 8

They are candidates for positions of president, vice president, and treasurer of an organization.

It is a based on permutations. We need to find P(8,3). It can be calculated as follows :

[tex]P(n,r)=\dfrac{n!}{(n-r)!}[/tex]

So,

[tex]P(8,3)=\dfrac{8!}{(8-3)!}\\\\=\dfrac{8!}{5!}\\\\=\dfrac{8\times 7\times 6\times 5!}{5!}\ [\because n!=n(n-1)!]\\\\=8\times 7\times 6\\\\=336[/tex]

Hence, there are 336 possibilities of selections.

José correctly answered 80% of the
questions on a language arts quiz. If he
answered 16 questions correctly, how ma
questions were on the language arts quiz

Answers

Answer:

20

Step-by-step explanation:

80% needs 20% more to be 100%  so we devide 16 by 4 to get the awnser for 20% witch is 4 so 16+4 is equal to 80% + 20% so 20

Answer:

20

Step-by-step explanation: 16 you need to 2  more question to get 100 so if you use your brain and imagine doing a test and you get an 80 percent and answered 16 correct go back to the test to see what you have

Simplify this radical.
Square root 84

Answers

Answer:  9.16515139

Answer 2:  2√21

HELP MEE ;-;

2/3a - 7= 1/3 Round your answer to the nearest tenth.

Answers

Answer:

a=11

Step-by-step explanation:

Answer:

a = 11

Step-by-step explanation:

According to Wine-Searcher, wine critics generally use a wine-scoring scale to communicate their opinions on the relative quality of wines. Wine scores range from to , with a score of indicating a great wine, indicating an outstanding wine, indicating a very good wine, indicating a good wine, indicating a mediocre wine, and below indicating that the wine is not recommended. Random ratings of a pinot noir recently produced by a newly established vineyard in follow:

87 91 86 82 72 91
60 77 80 79 83 96

Required:
a. Develop a point estimate of mean wine score for this pinot noir (to decimals).
b. Develop a point estimate of the standard deviation for wine scores received by this pinot noir (to decimals).

Answers

Answer:

a

[tex]\= x  =  82 [/tex]

b

[tex]s =  9.64 [/tex]

Step-by-step explanation:

From the question we are told that

    The data is  87  91  86  82  72  91   60  77  80  79  83  96

Generally the point estimate for the mean is mathematically represented as

    [tex]\= x  =  \frac{\sum  x_i }{n}[/tex]

=>  [tex]\= x  =  \frac{87 +91 + 86 + \cdots  + 96}{12}[/tex]

=>    [tex]\= x  =  82 [/tex]

Generally the point estimate for the standard deviation  is mathematically represented as

      [tex]s =  \sqrt{\frac{ \sum ( x_i  - \= x )^2 }{ n -1 } }[/tex]

=>     [tex]s =  \sqrt{\frac{ ( 87 - 82  )^2 +( 91 - 82  )^2 + \cdots + ( 96 - 82  )^2  }{ 12 -1 } }[/tex]

=>     [tex]s =  9.64 [/tex]

Part(a): The required mean is 82

Part(b): The required standard deviation is 9.639

Mean:

The mean is one of the measures of central tendency.

Part(a):

The formula for finding the mean is,

[tex]\bar{x}=\frac{\sum x_i}{n}[/tex]

Now, calculating the mean for the [tex]n=12[/tex] observation

[tex]\bar{x}=\frac{87+91+86+82+72+91+60+77+80+79+83+96}{12}\\ \bar{x}=82[/tex]

Part(b):

The formula for the standard deviation is,

[tex]S=\sqrt{\frac{\sum (x_i-\bar{x})^2}{n-1} }[/tex]

Substituting the given values into the above formula we get,

[tex]S=\sqrt{\frac{((87-82)^2+(91-82)^2)+(86-82)^2+(82-82)^2+(72-82)^2+(91-82)^2+(60-82)^2+(77-82)^2+...+(96-82)^2}{12-1} } \\S=9.639[/tex]

Learn more about the topic Mean:

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6 hours and 30 minutes after 11;00 is what time

Answers

Answer:

5:30

Step-by-step explanation:

you go ahead and add the 30 minutes so you then have 11:30 plus 6 hours is 5:30 because it only goes to 12:00 and repeats.

In order to compare the durability of four different brands of golf balls (ALPHA, BEST, CENTURY, and DIVOT), the National Golf Association randomly selects five balls of each brand and places each ball into a machine that exerts the force produced by a 250-yard drive. The number of simulated drives needed to crack or chip each ball is recorded. The results are given in the following table.
Alpha Best Century Divot
281 270 218 364
220 334 244 302
274 307 225 325
242 290 273 337
251 331 249 355
Provide the EXCEL printout of ONEWAY ANOVA using either DATA ANALYSIS or PTSTAT2 to determine whether the mean number of stimulated drives differs by brand of golf ball.
Use the ANOVA printout to write-up the six step hypothesis testing procedure for determining whether the average number of simulated drives differs by brand of golf ball. What is the p-value for this problem and what does it mean? Assume alpha =.05.

Answers

Answer:

As our computed test statistic falls in critical region, so we reject our null hypothesis. Also p-value=0.0009 is less than significance level, so we reject our null hypothesis and conclude that the average number of simulated drives differs by brand of golf ball at 5% significance level.

Step-by-step explanation:

Excel output print out

Anova: Single Factor      

     

SUMMARY      

Groups Count Sum Average Variance  

Alpha 5 1268 253.6 609.3  

Best 5 1532 306.4 740.3  

Century 5 1209 241.8 469.7  

Divot 5 1583 316.6 1235.3  

     

     

ANOVA      

Source of Variation SS df MS F P-value F crit

Between Groups 20960.4 3 6986.8 9.149217573 0.000925804 3.238871517

Within Groups 12218.4 16 763.65    

     

Total 33178.8 19    

The six steps of hypothesis are

1. Null hypothesis: The average number of simulated drives are same by brand of golf ball

Alternative hypothesis: The average number of simulated drives differs by brand of golf ball

2. Significance level: α=0.05

3. Test statistic: F-ratio for one way anova

4. Computations

F=9.149

5. Critical region: F>3.239

6. Conclusion:

As our computed test statistic falls in critical region, so we reject our null hypothesis. Also p-value=0.0009 is less than significance level, so we reject our null hypothesis and conclude that the average number of simulated drives differs by brand of golf ball at 5% significance level.

Chris has 12 sweets. He has 3 red, 6 blue, 1 yellow and 2 green sweets what fraction of his sweets is red

Answers

Answer:

He has had a quarter of the red one

Step-by-step explanation:

3/12 is 1/4 when simplified

1/4 you just need to simplify 3/12

Find the selling price of each item original plate price of gold fish at $7.65 discount 10%

Answers

Answer:

6.88 is what I think you're looking for

Step-by-step explanation:

during a sale, 20 cent bars of soap were sold at the rate of 3 for 50 cents. how much is saved on 9 bars?

Answers

Answer:

30 is saved

Step-by-step explanation:

20 x 3 = 60 - 50 = 10, you get 10 three times because of 9 / 3 = 3 you get 10 x 3 = 30

Which expression is equivalent to |-5| + |3|?

Answers

The answer is 8 Do Good to

Answer:

5+3 =8

Step-by-step explanation:

absolute value

You come from a large, dysfunctional family. You learn of this year’s upcoming reunion, and dread the very thought of being around those people for any length of time. However, you’ve been intrigued by your introductory statistics course, and decide you will have some fun with the reunion by using it as an opportunity to study your family. As a preliminary project, you want to keep track of how many times each family member verbally assaults another person throughout the first 24 hours.
After 24 hours, you review your notes:
Family Member # Verbal Assaults
Stew (Dad) 5
Marge (Mom) 7
Betsy 18
Fred 11
Gracie 4
Jorge 10
Kim 5
Ferdinand 15
Hal 6
You 19
Find the mean, median, and mode of your distribution:
1. Mean
2. Median
3. Mode
4. Which measure of central tendency do you think is most appropriate for this dataser? Why?
5. What is the range of your dataset? Show how you figured it out.
6. Define, as specifically as necessary, the population in which you are interested for this research. In other words, how do you decide whether a person would be appropriate to include in your study?
7-9. Find the standard deviation for the data in the table on the first page. Showing your work is how you earn points for this part
10. What is the standard deviation of your dataset?

Answers

Answer:

Explained below.

Step-by-step explanation:

The data provided is for the number of times each family member verbally assaults another person throughout the first 24 hours.

Use Minitab to compute the descriptive statistics.

Go to Stat → Basic Statistics → Display Basic Statistics

A dialog box will open.

Select the variable.

Select 'Statistics'.  

Another dialog box will open.

Select the statistics required.

Press OK.

Select "Graphs'.

Select Histogram.

Press OK

The output is attached below.

(1)

The mean of the data is, Mean = 10.

(2)

The median of the data is, Median = 8.50.

(3)

The mode of the data is, Mode = 5.

(4)

The inequality statement for the mean, median and mode is:

Mean > Median > Mode

A distribution is known as to be skewed to the right, or positively skewed, when maximum of the data are collected on the left of the histogram of the distribution.

Also if the Mean > Median > Mode then the distribution is skewed to the right.

For a skewed distribution the best of central tendency is the median.

So, the measure of central tendency that is most appropriate for this dataset is, Median = 8.50.

(5)

The range of the data set is:

Range = Maximum - Minimum

           = 19 - 4

           = 15

Thus, the range is 15.

(6)

The population of interest is the number of times the family members verbally assaults another person throughout the first 24 hours.

(7)

Consider the Minitab output.

The standard deviation of the data set is, SD = 5.60.

Please help me ..................

Answers

1)
a)E
b)D
c)A

2)Between 3 and 4
decimal estimate is 3.6

3)Between -12 and -13
Decimal estimate is -12.25

4)5.48 or 5.5inches

5)32 feet

6)B

7)C

The answers are shown below:

What is square root?

The square root of a number is that factor of a number which when multiplied by itself gives the original number. Squares and square roots are special exponents.

Consider the number 9. When 3 is multiplied by itself, it gives 9 as the product. This can be written as 3 × 3 or 32. Here, the exponent is 2, and we call it a square. Now when the exponent is 1/2, it refers to the square root of the number. For example, √n = n^1/2, where n is a positive integer.

a) point E represent √47 ( 6.855)

b) point D represent √27 ( 5.19)

c) point A represent √11 ( 3.316)

√13(3.6050 lies between 3 and 4.

-√150 (12.247) lies between (-12 and -13)

side = √area= √30 = 5.477 inch

√90=9.48 ( option b)

The incorrect statement is √12 lies between 4 and 5

Learn more about square root here:

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#SPJ2

Does anyone know this answer

Answers

2. Square root of 112
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