Question
12. (10 points) Timmy and his little brother set up a roadside lemonade stand. If they sell a cup of lemonade before 3:00 pm they
12. (10 points) Timmy and his little brother set up a roadside lemonade stand. If they sell a cup of lemonade before 3:00 pm they make a profit of 80 cents. If they sell a cup between 3:00 pm and 5:00 pm they make a profit of 50 cents. After 5:00 pm they have to go home and they lose 10 cents on every cup that's not sold. Suppose they sell 70% of their lemonade before 3:00 pm and 20% between 3:00 pm and 5:00 pm. What is their expected profit per cup of lemonade?
13. (15 points) A bag contains 7 red, 5 white, and 3 blue marbles. Two marbles are drawn, one at a time, without replacement.
(a) Draw a tree diagram.
(b) Find the probability that the two marbles drawn are white and red, in that order.
(c) Find the probability that no red marbles are drawn.
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started