Complete Question
A dog weighs 2 pounds less than 3 times the weight of a cat. The dog weighs twenty two more pounds than the cat.
Write and solve an equation to find the weights of the cat and the dog.
Answer:
Weight of cat = x = 12 pounds
Weight of Dog = y = 34 pounds
Step-by-step explanation:
Let's represent:
Weight of cat = x
Weight of Dog = y
A dog weighs 2 pounds less than 3 times the weight of a cat.
y = 3x - 2........ Equation 1
The dog weighs twenty two more pounds than the cat
y = x + 22....... Equation 2
The equation is given as:
y = y
3x - 2 = x + 22
Collect like terms
3x - x = 22 + 2
2x = 24
x = 24/2
x = 12 pounds
Solving for y using any of the equations:
y = 3x - 2
y = 3 × 12 - 2
y = 36 - 2
y = 34 pounds
Therefore:
Weight of cat = x = 12 pounds
Weight of Dog = y = 34 pounds
Answer:
x = 2-7y over 4
Step-by-step explanation:
4x+7y=2
-7y -7y
4x = 2 - 7y
/4 /4
x=2 - 7y/4
Answer:
Step-by-step explanation:
An option to buy a stock is priced at $150. If the stock closes above 30 next Thursday, the option will be worth $1000. If it closes below 20, the option will be worth nothing, and if it closes between 20 and 30, the option will be worth $200. A trader thinks there is a 50% chance that the stock will close in the 20-30 range, a 20% chance that it will close above 30, and a 30% chance that it will fall below 20.
a) Let X represent the price of the option
<h3><u> x P(X=x)
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$1000 20/100 = 0.2
$200 50/100 = 0.5
$0 30/100 = 0.3
b) Expected option price

Therefore expected gain = $300 - $150 = $150
c) The trader should buy the stock. Since there is an positive expected gain($150) in trading that stock option.