CCSS IP Math III 1.6.2 Example 4

A musician has decided to create an album on her own label at a cost of $40,000. The chances of producing a successful, or profitable, album are 10%. She predicts that the profit—the money earned after accounting for the start-up cost—from a successful album would be $159,000. She is asking for your advice: do you think she should go forward with this venture?

 

Walch Education

 
Resource Type
Activity
Tags
chance  chance-of-failure  chance-of-success  outcome  probability 
Target Group (Age)
15 – 18
Language
English (United States)
 
 
GeoGebra version
4.2
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1283
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