PLEASE HELP MARKING AS BRAINLIST!

PLEASE HELP MARKING AS BRAINLIST!

Answers

Answer 1

Hello :)

P(A) = 1/2

P(B) = 5 or greater = 5,6 => 2/6 = 1/3

P(A and B) = 1/2 x 1/3 = 1x1/2x3 = 1/6 ≈ 0.17

the answer is 0.17


Related Questions

Some college advisors noticed the following breakdown of majors for the incoming freshman at their school: 3% math, 22% nursing, 16% psychology, 11% criminal justice, and 48% business. Suppose a first-year student was chosen at random. Which of the following is the probability distribution for that student’s major?

Answers

Answer:

The correct answer is B, I took the test :)

You just turn the percentages into decimals

Some college advisors noticed the following breakdown of majors for the incoming freshman at their school:

The probability distribution table is formed clearly in the answer part.

What is probability?

Probability is the branch of Mathematics that deals with the measurement of the chance of occurrence of a random event.

The probability of any event always lie in the close interval of 0 and 1 [0,1].

The probability for all the elements in the sample space can be shown in one table known as distribution table.

Suppose X be the event of choosing a major.

Then, its probability can be given as P(X).

Here, the percent value of a given event is equivalent to their probability.

It can be represented in the form of table as,

X (Major chosen by student)                              P(X) (Probability)

    Math                                                                    3% = 0.03

   Nursing                                                                22% = 0.22

  Psychology                                                           16% = 0.16

 Criminal justice                                                      11% = 0.11

   Business                                                              48% = 0.48

This table is known as the probability distribution table.

Hence, the probability distribution table is formed by calculating the probability for each of the events.

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how many times can 200 go into 4879

Answers

Answer:

24

Step-by-step explanation:

24.395 times. Or 24 times if it’s to the nearest whole number.

2. (7 points) If f(x) = -5 cosx+xtanx, find df and evaluate if x = pi/4 and dx = 1/24

Answers

The value of df, when x = π/4 and dx = 1/24, is (-5π - 5√2)/(96√2).

To find the derivative of the function f(x) = -5cos(x) + xtan(x), we'll use the sum and product rules of differentiation. Let's start by finding df/dx.

Apply the product rule:

Let u(x) = -5cos(x) and v(x) = xtan(x).

Then, the product rule states that (uv)' = u'v + uv'.

Derivative of u(x):

u'(x) = d/dx[-5cos(x)] = -5 * d/dx[cos(x)] = 5sin(x) [Using the chain rule]

Derivative of v(x):

v'(x) = d/dx[xtan(x)] = x * d/dx[tan(x)] + tan(x) * d/dx[x] [Using the product rule]

= x * sec^2(x) + tan(x) [Using the derivative of tan(x) = sec^2(x)]

Applying the product rule:

(uv)' = (5sin(x))(xtan(x)) + (-5cos(x))(x * sec^2(x) + tan(x))

= 5xsin(x)tan(x) - 5xcos(x)sec^2(x) - 5cos(x)tan(x)

Simplify the expression:

df/dx = 5xsin(x)tan(x) - 5xcos(x)sec^2(x) - 5cos(x)tan(x)

Now, we need to evaluate df/dx at x = π/4 and dx = 1/24.

Substitute x = π/4 into the derivative expression:

df/dx = 5(π/4)sin(π/4)tan(π/4) - 5(π/4)cos(π/4)sec^2(π/4) - 5cos(π/4)tan(π/4)

Simplify the trigonometric values:

sin(π/4) = cos(π/4) = 1/√2

tan(π/4) = 1

sec(π/4) = √2

Substituting these values:

df/dx = 5(π/4)(1/√2)(1)(1) - 5(π/4)(1/√2)(√2)^2 - 5(1/√2)(1)

Simplifying further:

df/dx = 5(π/4)(1/√2) - 5(π/4)(1/√2)(2) - 5(1/√2)

= (5π/4√2) - (10π/4√2) - (5/√2)

= (5π - 10π - 5√2)/(4√2)

= (-5π - 5√2)/(4√2)

= (-5π - 5√2)/(4√2)

Now, to evaluate df/dx when dx = 1/24, we'll multiply the derivative by the given value:

df = (-5π - 5√2)/(4√2) * (1/24)

= (-5π - 5√2)/(96√2)

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The following expression represents the profit made by John as he mows
lawns: P = 20L - 100
Which description correctly interprets each part of the expression?

The following expression represents the profit made by John as he mowslawns: P = 20L - 100Which description

Answers

Answer:

P is price per lawn, 20 is the money made per lawn, L is the number of lawns mowed, 100 is his initial cost.

Step-by-step explanation:

A jar contains 24 blue marbles, 16 red marbles, and 14 white marbles. Find the simplified ratio of total marbles to red marbles.

Answers

The simplified ratio of total marbles to red marbles is 27 to 8

How to determine the ratio of the marbles?

In this question, we have the following parameters

Blue marbles = 24

Red marbles = 16

White marbles = 14

The above parameters mean that

Total marbles = sum of the individual marbles

Substitute the known values in the above equation, so, we have the following representation

Total marbles = 24 + 16 + 14

Evaluate

Total marbles = 54

The ratio is then represented as

Ratio = Total : Red

This gives

Ratio = 54 : 16

Simplify ratio

Ratio = 27 : 8

Hence, the simplified ratio is 27 : 8

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Calculate the area of a circle with a radius of 5 meters

Answers

Formula :Pi ( r)^2
Ans: pi (5)^2 = 78.5( cor. to 3 sig. fig)/ 25 pi

please help me with this question

please help me with this question

Answers

Answer:

280

Step-by-step explanation:

p stands for cans of pop. if each can of pop is 35, then you need to multiply 8 by 35

2/3=1/2k the solution of k=

Answers

Answer:

k = 1 1/3

Step-by-step explanation:

Exact Form: 4/3

Decimal Form: 1.3

Mixed Number Form: 1 1/3

hope this helps <3

Calculate the z-score of the maximum of the data set.


Answer: z =
(Round to 3 decimal places)

Hint: You will need the mean and standard deviation first. Round your mean and standard deviation calculations to 4 decimal places.

Calculate the z-score of the maximum of the data set.Answer: z = (Round to 3 decimal places)Hint: You

Answers

The z-score of the maximum value of the data-set is given as follows:

Z = 2.042.

How to calculate the z-score?

The z-score of a measure X of a variable that has mean symbolized by \(\mu\) and standard deviation symbolized by \(\sigma\) is obtained by the rule presented as follows:

\(Z = \frac{X - \mu}{\sigma}\)

Using a calculator, the mean and the standard deviation of the data-set are given as follows:

\(\mu = 39.9167, \sigma = 10.8125\)

The maximum value is of X = 62, hence it's z-score is given as follows:

Z = (62 - 39.9167)/10.8125

Z = 2.042.

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You would like to have $20,000 to use a down payment for a home in five years by making regular, end-of-month deposits into an annuity that pays 6% interest compounded monthly.

How much should you deposit each month?

Round your answer to the nearest cent. Do not include the dollar sign in the answer box below.

Answers

The amount that should be deposited monthly is $286.66.

What is a monthly deposit?

The monthly deposit is the periodic payment into an investment account that earns interest at a compound rate.

The monthly deposit can be determined using an online finance calculator.

N (# of periods) = 60 months (5 years x 12)

I/Y (Interest per year) = 6%

PV (Present Value) = $0

FV (Future Value) = $20,000

Results:

Monthly Deposit = $286.66

Sum of all periodic deposits = $17,199.36

Total Interest = $2,800.64

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Find (fog)(x).
f(x) = 5x
g(x) = 6x
Write your answer as a polynomial in simplest form.
(fog)(x) =

Answers

Answer: (fog)(x) = f(g(x)) = f(6x) = 5(6x) = 30x

So (fog)(x) = 30x, which is a polynomial in simplest form

List all of the subgroups of S4. Find each of the following sets. Are any of these sets subgroups of S4?(a) {σ ∈ S4 : σ(1) = 3}(b) {σ ∈ S4 : σ(2) = 2}

Answers

This set {σ ∈ S4 : σ(1) = 3} contains the following elements of S4: (13), (23), (34), (24), (14), (12)(34), (13)(24), (14)(23) and  {σ ∈ S4 : σ(2) = 2} this set contains the following elements of S4: (12), (21), (13)(24), (24)(13).

What are the subgroups of S4

The group S4 is the symmetric group on 4 elements and has 24 elements. We can list all of its subgroups as follows:

The trivial subgroup {e}.Three subgroups isomorphic to the cyclic group of order 2: {e, (12)}, {e, (13)}, {e, (14)}.Four subgroups isomorphic to the cyclic group of order 3: {e, (123), (132)}, {e, (124), (142)}, {e, (134), (143)}, {e, (234), (243)}.Two subgroups isomorphic to the dihedral group of order 4: {e, (1234), (13)(24), (1432)}, {e, (1234), (14)(23), (1324)}.The alternating group A4 of even permutations: {e, (123), (132), (124), (142), (134), (143), (234), (243), (12)(34), (13)(24), (14)(23), (12)(34), (13)(24), (14)(23)}.

Now, let's consider the sets (a) and (b) and see if they are subgroups of S4:

(a) {σ ∈ S4 : σ(1) = 3}

This set contains the following elements of S4: (13), (23), (34), (24), (14), (12)(34), (13)(24), (14)(23). We can check that this set is not a subgroup of S4 because it is not closed under composition. For example, (13)(14) = (134) is not in the set.

(b) {σ ∈ S4 : σ(2) = 2}

This set contains the following elements of S4: (12), (21), (13)(24), (24)(13). We can check that this set is a subgroup of S4. It is closed under composition, inverses, and contains the identity element e. Therefore, it is a subgroup of S4 and is isomorphic to the cyclic group of order 2.

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What is the solution of x = 2 +\(\sqrt{x} -2\)

Answers

I worked it out. The pic shows my work and answer. I got that X=1. If you have any ?’s then ask in the comments.

Hope to us helped ya!
What is the solution of x = 2 +[tex]\sqrt{x} -2[/tex]

Nathan wants to draw a triangle. He knows that two of the side lenghts are 8 inches and 10 inches.What is a possible lenght for the third side?

Answers

hello, to do this exercise, we need to know about the property of the existence of a triangle.

I will call the sides by "a" = 8 inches, "b" = 10 inches and "c" = unknown side

to exist, it has 2 rules:

- the lenght of one side must be less than the sum of the other two sides.

\(c<\text{ a + b}\)

- the third size must be bigger than the absolute value of the difference of the other two sides.

\(c\text{ > |a-b|}\)

If we put it in one inequation, we have:

\(|a-b|\text{ < c < a+b}\)

Replacing "a" and "b" with the values we have:

\(\begin{gathered} |8-10|\text{ < c < 8+10} \\ |-2|\text{ < c < 18} \\ 2

So, the lenght of the third size can be any value between 2 and 18.

Solution: {3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15, 16, 18, 19, 20}.

select all the equations that are equivalent to 81x^2+180x-200=100

Answers

The factorized form of the equation is 3((3x + 10)(9x - 10) ) = 0.

What is the simplification of the equation?

The given quadratic equation is simplified as follows;

81x² + 180x - 200 = 100

Collect similar terms together;

81x² + 180x = 100 + 200

81x² + 180x = 300

81x² + 180x - 300 = 0

Factorize the equation by using a common factor;

3(27x² + 60x - 100) = 0

Factorize further as follows;

3(27x² + 90x - 30x - 100) = 0

3( 9x (3x + 10) - 10(3x  + 10) )= 0

3((3x + 10)(9x - 10) ) = 0

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How many commutes are exactly 68 minutes

How many commutes are exactly 68 minutes

Answers

Answer:

three

Step-by-step explanation:

stem. is the tens place and the leaf is the. ones place

so you want to find 68 so you look in the stem column and look for six

in the row there are 6 numbers which mean:

60, 61, 67, 68, 68, 68

as you can see there is three 68 there for the answer ths 3

what is (1/2 + isqrt3/2)^5?

Answers

Answer:

\((\frac{1}{2}+\frac{\sqrt{3}}{2}i)^5=\frac{1}{2}-\frac{\sqrt{3}}{2}i\)

Step-by-step explanation:

Convert 1/2 + i√3/2 to rectangular form

\(\displaystyle z=a+bi=\frac{1}{2}+\frac{\sqrt{3}}{2}i\\\\r=\sqrt{a^2+b^2}=\sqrt{\biggr(\frac{1}{2}\biggr)^2+\biggr(\frac{\sqrt{3}}{2}\biggr)^2}=\sqrt{\frac{1}{4}+\frac{3}{4}}=\sqrt{1}=1\\\\\theta=\tan^{-1}\biggr(\frac{b}{a}\biggr)=\tan^{-1}\biggr(\frac{\frac{\sqrt{3}}{2}}{\frac{1}{2}}\biggr)=\tan^{-1}(\sqrt{3})=\frac{\pi}{3}\\\\z=\cos\frac{\pi}{3}+i\sin\frac{\pi}{3}\)

Use DeMoivre's Theorem

\(\displaystyle z^n=r^n(\cos(n\theta)+i\sin(n\theta))\\\\z^5=1^5\biggr(\cos\biggr(\frac{5\pi}{3}\biggr)+i\sin\biggr(\frac{5\pi}{3}\biggr)\biggr)\\\\z^5=\frac{1}{2}-\frac{\sqrt{3}}{2}i\)


Some people advise that in very cold weather, you should keep the gas tank in your car more than half full. Irene’s car had 6.5 gallons in the 15-gallon tank on the coldest day of the year. Irene filled the tank with gas that cos $3.70 per gallon.
How much did Irene spend on gas?

Answers

After doing some mathematical operations, we can conclude that Irene spends $24.05 on 6.5 gallons of gas.

What are mathematical operations?An operation is a mathematical function that converts zero or more input values into an output value with a known value.The number of operands affects how complex the operation is.The order of operations refers to the rules that define the sequence in which multiple operations should be performed to solve an expression.PEMDAS is an abbreviation for Parentheses, Exponents, Multiplication, Division, Addition, and Subtraction (from left to right).

So, the amount Irene spends on gas:

The gas in the tank is 6.5 gallons.The gas amount per gallon is $3.70.

Then, the amount of 6.5 gallons of gas:

6.5 × 3.70 = $24.05

Therefore, after doing some mathematical operations, we can conclude that Irene spends $24.05 on 6.5 gallons of gas.

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Find the measure of the indicated angle to the nearest degree

Find the measure of the indicated angle to the nearest degree

Answers

Answer:

C

Step-by-step explanation:

All triangles come up to a 180 degrees so you can add and then subtract

Find the distance between each pair of points. Round your answer to the nearest tenth, if
necessary.
5) (1, 2), (-5,4)

Answers

Answer:

2(10^.5)

Step-by-step explanation:

d = ((x2 - x1)^2 + (y2 - y1)^2)^0.5

Please help me in this math problem

Please help me in this math problem

Answers

Answer:

Step-by-step explanation: well, you will more than likely get it at least 60%-80% of the time! If this doesn't help i can try to explain in a lot more detail unless someone does for me!

Drag the tiles to the correct boxes to complete the pairs.
Match each percent amount to its correct value.
15% of 30
30% of 45
60% of 7
23% of 20
13.5
arrowBoth
4.5
arrowBoth
4.6
arrowBoth
4.2
arrowBoth

Answers

The correct matches are as follows:

15% of 30 ➔ 4.5

30% of 45 ➔ 13.5

60% of 72 ➔ 43.2

3% of 201 ➔ 6.03

Here is the correct matching of the percent amounts to their respective values:

15% of 30 ➔ 4.5

30% of 45 ➔ 13.5

60% of 72 ➔ 43.2

3% of 201 ➔ 6.03

To determine the values, we multiply the given percent amounts by their corresponding numbers.

For example, to find 15% of 30, we multiply 0.15 (which is the decimal form of 15%) by 30. The result is 4.5.

Similarly, 30% of 45 is obtained by multiplying 0.30 by 45, resulting in 13.5.

60% of 72 is calculated by multiplying 0.60 by 72, giving us 43.2.

Finally, 3% of 201 is obtained by multiplying 0.03 by 201, resulting in 6.03.

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consider a certain town, it is rainy one fifth of the days. given that it is rainy, there will be heavy traffic with probability 1 2 , and given that it is not rainy, there will be heavy traffic with probability 1 4 . if it's rainy and there is heavy traffic, a commuter will arrive late for work with probability 5 8 . on the other hand, the probability of being late is reduced to 1/8 if it is not rainy and there is no heavy traffic. in other situations (rainy and no traffic, not rainy and traffic) the probability of being late is 1 4 . consider a random day is picked. a. what is the probability that it's raining but there is no is heavy traffic and the commuter is late? b. what is the probability that the commuter is late? c. given that the commuter arrived late one day, what is the probability that it rained that day? hint: you can use a tree diagram

Answers

a) The probability that it's raining but there is no is heavy traffic and the commuter is late is 0.24.

b) The probability that the commuter is late is equal to the 11/48.

c) The commuter arrived late one day, then the probability that it rained that day is 8/33.

We have, a data of certain town, it is rainy one fifth of the days. Bayes theorem says for any two events A, B with P(B)>0, the conditional probability of A given B is P(A|B) = P(A∩B)/P(B)

a) Let consider the events

R= rainy day

T= heavy traffic

L= one arrives late for work

P(R)=1/3, P(T|R) = 1/2, P(T|Rᶜ) = 1/4, P(L|(R∩T)) = 5/8

P(L|(Rᶜ∩Tᶜ)) = 1/8

We need to calculate the probability that it's raining but there is no is heavy traffic and the commuter is late, P(L|(R∩Tᶜ))

= P(L|(Rᶜ ∩T)) = 0.25

b) Probability that cummuter is late

P(L) = P(L|(Rᶜ∩T))P(Rᶜ∩T) + P(L|(R∩Tᶜ))P(R∩Tᶜ) + P(L|(R∩T))P(R∩T) + P(L|(Rᶜ∩Tᶜ))P(Rᶜ∩Tᶜ). Now, P(R)=1/3

P(T|R)=1/2, P(T∩R) = P(T|R)P(R)= 1/3 (1/2)=1/6

P(T|Rᶜ) = 1/4, P(Rᶜ∩T) = P(T|Rᶜ)P(Rᶜ)

= 1/4(2/3) = 1/6

Then P(R∩Tᶜ) = P(R) - P(R∩T) = 1/3 - 1/6

= 1/6

P(Rᶜ∩Tᶜ) = P((RUT)ᶜ) = 1 - P(RUT) = 1 – P(R) – P(T∩Rᶜ) = 1 - 1/3 - 1/6 = 1/2

So, P(L)=P(L|(Rᶜ∩Tᶜ))P(Rᶜ∩Tᶜ) + P(L|(R∩Tᶜ)P(R∩ Tᶜ) + \P(L|(Rᶜ∩T)) P(Rᶜ∩T)+ P(L|(R∩T)P(R∩T) = 0.25(1/6) + 0.25(1/6)+(1/2)1/6 + ( 1/8)(1/2) = 11/48

(c)we need to calculate, P(R|L)

P(L∩R∩T)=P(L|(Rᶜ∩T))P(Rᶜ∩ T)=1/2(1/6) = 1/

P(L∩R∩Tᶜ) = P(L|(R∩Tᶜ))P(R∩Tᶜ) = 0.25 (1/6)= 1/24

P(T) = P(T∩Rᶜ) + P(T∩R) = 1/6 + 1/6 = 1/3

P(R ∩L)=P(R∩ L∩ T)P(T)+P(R∩L∩Tᶜ)P(Tᶜ)

= 1/12(1/3) + 1/24(2/3) = 1/18

Now, P(R/L) = P(RL) /P(L) = 1/18 /11/48

= 8/33

Hence required probability is 8/33.

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Find all pairs of positive integers (a,n) such that n greater than 2 and a + (a + 1) + (a + 2) + ... + (a + n - 1) = 100.

Answers

(49,5), (19,10), (9,20), (4,50), (1,100) are the only pairs of positive integers (a,n) such that n is greater than 2 and a + (a + 1) + (a + 2) + ... + (a + n - 1) = 100.

In mathematics, an integer is a number that can be written without a fractional or decimal component.

To start, we can use the formula for the sum of an arithmetic series to find the value of n.

The formula for the sum of n terms in an arithmetic series is given by

=> S = n/2 (a + a + n - 1),

where a is the first term and n is the number of terms. Substituting the values from the problem, we have:

=> 100 = n/2 (2a + n - 1)

Expanding the right side, we get:

100 = n/2 (2a + n - 1)

Multiplying both sides by 2 and rearranging, we get:

200 = n (a + n/2)

Dividing both sides by n, we get:

a + n/2 = 200/n

Since n is an integer greater than 2, we know that n must divide 200. To find all possible values of n, we can use the divisibility rule for 2, which states that an integer is divisible by 2 if and only if its last digit is 0, 2, 4, 6, or 8. Thus, we can list all possible values of n as follows:

=> n = 2, 4, 5, 8, 10, 20, 25, 40, 50, 100

For each value of n, we can use the formula for a to find all possible values of a that satisfy the conditions of the problem. Substituting n = 2 into the formula for a, we get:

=> a + n/2 = 200/n

=> a + 1 = 200/2

=> a = 199/2

Since a is a positive integer, we see that a = 199/2 is not an integer, so the pair (a,n) = (199/2,2) is not a solution. Continuing this process for each value of n, we find the following pairs of positive integers (a,n) that satisfy the conditions of the problem:

=> (a,n) = (49,5), (19,10), (9,20), (4,50), (1,100)

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The distance around a lake is 8 km. On
a map, this distance around the lake is
represented by a length of 2 cm. The scale
on the map is

Answers

Answer:

1 = 4    or    1 cm : 4 km

Step-by-step explanation:

if 2 cm = 8 km

just divide 2 each side

1 = 4    or    1 cm : 4 km

Scale factor is 4 kilometer in 1 centimeter

Given that;

Distance around a lake = 8 kilometer

Map represent distance = 2 centimeter

Find:

Scale distance of map

Computation:

Scale distance of map = Distance around a lake / Map represent distance

Scale distance of map = 8 / 2

Scale distance of map = 4 km in 1 cm

So,

Scale factor is 4 kilometer in 1 centimeter

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45-428-(15+3) 2+2
45-428(18)4
45-428×18×4
45-428×72
45-30,816
-30,771​

Answers

Answer:

Have u answered it already or u want help or u want to be sure of the answer

I buy 4 5/8 blue fabric and 2 1/8 green fabric how much blue than green did i buy

Answers

Answer:

2.5

Step-by-step explanation:

We Know

You buy 4 5/8 blue fabric and 2 1/8 green fabric .

4 5/8 = 37/8 = 4.625 blue fabric

2 1/8 = 17/8 = 2.125 green fabric

How much blue than green did you buy?

We Take

4.625 - 2.125 = 2.5

So, you buy 2.5 blue more than green.

John bought some tickets to see his favorite singer. He bought some adult tickets and some children’s tickets, for a total of 12 tickets.The adult tickets cost $14 per ticket, and the children’s tickets cost $6 per ticket. If he spent a total of $160, then how many adult tickets did he buy?

Answers

Answer:

He bought 11 adult tickets.

Step-by-step explanation:

Adult tickets cost -$14

Children tickets - $6

Total spent - $160

REMEMBER : he bought 12 tickets , so we need to find a combination of 14 times a number and 6 times a number that equals 12 tickets.

14 x 11 = 154

6 x 1 = 6

154 + 6 = 160

11 adult tickets + 1 child ticket = 12 tickets total.

A media personality argues that global temperatures are not rising because every year an increase is reported such as 0.09 degrees Celsius. The difference from the previous year is less than the margin of error of about 0.13 degrees C, so that difference should be ignored. What is the best counterargument?

Answers

The media personality's argument is flawed because they are basing their conclusion on a single year's data and ignoring the overall trend of increasing global temperatures. To counter this argument, one can make the following points:

1. While it is true that the annual increase in temperature may be less than the margin of error, the trend of increasing temperatures over several decades cannot be ignored. The margin of error is a statistical concept that takes into account the uncertainty in the measurement, but it does not negate the overall trend.

2. Global temperature records show that the Earth's temperature has been steadily rising over the past century, with the 10 warmest years on record occurring since 2005. This trend cannot be explained by natural variability alone and is consistent with the effects of human-caused climate change.

3. The consequences of rising global temperatures, such as melting glaciers, rising sea levels, and more frequent extreme weather events, are already being felt around the world. Ignoring this trend could have devastating consequences for future generations.

In summary, the media personality's argument is based on a flawed understanding of statistics and ignores the overall trend of increasing global temperatures. The best counterargument is to highlight the overwhelming evidence of climate change and its potential consequences.

Suppose Winston's annual salary as an accountant is $60,000 and his financial assets generate $4,000 per year in interest. One day, after deciding to be his own boss, he quits his job and uses his financial assets to establish a consulting business, which he runs out of his home. He outlays $8,000 in cash to cover all the costs involved with running the business and earns revenues of $150,000. What is Winston's economic profit?


$138,000


$150,000


$142,000


$78,000

Answers

Winston's economic profit based on the forgone salary of $60,000, and the revenue of $150,000 is $78,000. The correct option is therefore;

$78,000

What is an economic profit?

An economic profit is a profit that accounts for both the explicit and implicit costs of a business. The economic profit is obtained from the difference between the total revenue and the costs including the opportunity costs.

The annual salary of Winston as an accountant = $60,000

The amount Winston's financial asset generates = $4,000 per year

The cost of running the business = $8,000

The amount Winston earns as revenue = $150,000

Therefore;

Winston's opportunity cost which is the forgone alternative, is the amount he earns as an accountant = $60,000

The interest of $4,000, earned from the financial asset = The cost of using the financial asset for the business

The cost of running the business = $8,000

The total cost = Opportunity cost + Cost of making use of the financial asset + The business running cost

The total cost = $60,000 + $4,000 + $8,000 = $72,000

The economic profit = The total revenue - The total cost

Therefore;

Winston's economic profit = $150,000 - $72,000 = $78,000

Learn more on economic profits here: https://brainly.com/question/13991283

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