Respuesta :
Answer:
$2100.
Step-by-step explanation:
We have been given that a real estate agent spends $1,500 on advertising for three months to sell an average house. This means that cost of advertisement is $1500.
We are also told that if he house sells in three months, the agent earns $9,000 and there is a 40% chance that he will sell the house in three months.
To find the expected revenue first of all let us find 40% of $9000.
[tex]\text{The profit from selling the house in 3 months}=\frac{40}{100}\times \$9000[/tex]
[tex]\text{The profit from selling the house in 3 months}=0.40\times \$9000[/tex]
[tex]\text{The profit from selling the house in 3 months}=\$3600[/tex]
Now let us subtract the amount spent on advertising from the profit earned by agent to find the expected revenue.
[tex]\text{The expected revenue for the real estate agent}=\$3600-\$1500[/tex]
[tex]\text{The expected revenue for the real estate agent}=\$2100[/tex]
Therefore, the expected revenue for the real estate agent is $2100, is he sells the house in 3 months.
