0.001*3=0.003
0.003^2=0.000009
Inductive reasoning has to do with coming to a certain prediction or a conclusion based on multiple true premises.
Here, we know that these two cats live together and that they have yellow eyes. These two statements are true. So, naturally, we can conclude that any two cats which live together will have yellow eyes.
Now, whether or not this is correct, that is beside the point.
Answer:
E(Y) = $0.5
Var(Y) = 14.25
you should pay the same amount $0.5
Step-by-step explanation:
E(Y) = = Σ(YP)
P = probability of each outcomes.
Var(Y) = Σ
p − (μ x μ)
E(Y) = (2 x 0.25) +(6 x 0.25) + (0.5 x (-3)) = $0.5
Var(Y) = (
x 0.25) + (
x 0.25) +(
x 0.5) - (
)
= 14.5 - 0.25
Var(Y) = 14.25
for the difference between the payoff and cost of playing to have mean 0, you should pay the same amount $0.5
<span>The result is 2x^2 - 3x + 2 .</span>