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I really need help with these math assignments please! They are very short! Thank you so much and God bless! Assignment #1 Successful Wells Drilled

I really need help with these math assignments please! They are very short! Thank you so much and God bless!

Assignment #1

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Successful Wells Drilled In Alberta, 2008-2010 1200 1000 800 600 Number of Wells 400 200 Nov-10 Dec-10 -Sucessful Gas Wells Drilled - Sucessful Oil Wells Drilled Use the graph to answer the following questions. 1. Estimate the probability that a successful well drilled in Alberta in January 2010 produced oil. Answer: ( /3) 2. Determine the odds for a successful July 2009 well producing gas. Answer: ( /3) If 65 successful new wells were inspected at random in October 2009, how many do you expect produced oil? Answer: ( /4)1. Marie lives in Red Deer, which has a population of about 100 000. She notices that everyone she knows owns a calendar. She is contemplating opening a store that sells all types of calendars. Marie knows that almost everyone visits the mall occasionally, so she hopes to rent store space there. She quickly calculates that if she is able to sell a calendar to a quarter of the population at a profit of $3.00 per calendar, she will make $75 000 in one year. Describe how feasible you feel Marie's plan is. Answer: (/4) 2. Galit is planning on opening a painting company. He anticipates the following expenses for his first month. Wages $13 500 Paint spraying equipment $6400 Used van $12 000 Mural for the side of the van $4500 Brushes, rollers, respirators, and other equipment $1800 Paint, tape, and other supplies $4800 Insurance $220 a. Determine which expenses are operating expenses and which expenses are start-up costs. Answer: ( /2) b. Determine what percentage of the monthly costs are start-up costs. Answer: ( /2) C. Suppose Galit has paid for his start-up costs, and his operating expenses remain the same as those listed before part a. How much revenue would the company need to earn each month to i. make a profit Answer: ( /2) ii. sustain a lossiii. break even Answer: (/2) d. Sometimes paint-spraying equipment fails. What can Galit do to ensure this would not stop his business? Answer: (/2) 3. Create a statement of revenue and expenses for the following furniture-moving business. Truck maintenance $120 Fuel $1200 Wages $4800 Insurance $190 Payment for furniture-store deliveries $5100 Payment for private moves $3600 Repairing a door dented while moving a refrigerator $140 Answer: (/4)

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