An entertainment service is looking to market their 2 new pr…
An entertainment service is looking to market their 2 new products and they are wondering about the expected profit of the marketing. They predict there is a 35% chance that a current user of their service will upgrade to the new Platinum service with a resulting profit of $25 per month, and a 43% chance they upgrade to the new Gold service with a resulting profit of $15 per month. However, there is a 2% chance of the customer canceling their current service resulting in a loss of $10 per month. What is the expected profit for the marketing per month?
Read DetailsA teacher has dozens of pens, pencils, and folders in the sc…
A teacher has dozens of pens, pencils, and folders in the school’s colors which are yellow, navy, orange, and white. For a prize, a student will select a pencil, a pen, and a folder. In how many ways can the student select their prize?
Read Details