If a salesperson has gross sales of over $600,000 in a year, then he or she is eligible to play the company's bonus game: A black box contains 2 one-dollar bills, 1 five-dollar bill and 1 twenty-dollar bill. Bills are drawn out of the box one at a time without replacement until a twenty-dollar bill is drawn. Then the game stops. The salesperson's bonus is 1,000 times the value of the bills drawn. Complete parts (A) through (C) below. (A) What is the probability of winning a $20,000 bonus? (Type a decimal or a fraction. Simplify your answer.) (B) What is the probability of winning the maximum bonus by drawing out all the bills from the box? (Type a decimal or a fraction. Simplify your answer.) (C) What is the probability of the game stopping at the third draw? (Type a decimal or a fraction Simplify your answer.)
Unitary Method
The word “unitary” comes from the word “unit”, which means a single and complete entity. In this method, we find the value of a unit product from the given number of products, and then we solve for the other number of products.
Speed, Time, and Distance
Imagine you and 3 of your friends are planning to go to the playground at 6 in the evening. Your house is one mile away from the playground and one of your friends named Jim must start at 5 pm to reach the playground by walk. The other two friends are 3 miles away.
Profit and Loss
The amount earned or lost on the sale of one or more items is referred to as the profit or loss on that item.
Units and Measurements
Measurements and comparisons are the foundation of science and engineering. We, therefore, need rules that tell us how things are measured and compared. For these measurements and comparisons, we perform certain experiments, and we will need the experiments to set up the devices.
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