Problem
An engineering company prepares an estimate for a job. The cost of preparing the estimate is Php10,000. The amount of profit over and above the Php10,000 is Php25,000 if their estimate is accepted. The probability that their estimate will be accepted 0.7 and the probability that their estimate will not be accepted is 0.3. What is the expected profit?

A.   Php12,500 C.   Php14,500
B.   Php13,500 D.   Php10,500

 

Situation
If a chord is selected at random on a fixed circle what is the probability that its length exceeds the radius of the circle?

  1. Assume that the distance of the chord from the center of the circle is uniformly distributed.
    A.   0.5 C.   0.866
    B.   0.667 D.   0.75
  2. Assume that the midpoint of the chord is evenly distributed over the circle.
    A.   0.5 C.   0.866
    B.   0.667 D.   0.75
  3. Assume that the end points of the chord are uniformly distributed over the circumference of the circle.
    A.   0.5 C.   0.866
    B.   0.667 D.   0.75