9514 1404 393
Answer:
(b) $1.15
Step-by-step explanation:
The expected value is the sum of products of payoff and probability:
$0×0.15 +0.50×0.5 +1.0×0.2 +2.0×0.1 +10×0.05
= $0 +0.25 +0.20 +0.20 +0.50
= $1.15 . . . . expected value of the scratch ticket
Answer:
$72,999.17
Step-by-step explanation:
60000*1.04^5=72999.17414
Answer:
It's an exponential function
Step-by-step explanation:
That's one statement
Hope it helped
<em>Answer:</em>
<em>(</em><em>6</em><em>,</em><em>3</em><em>)</em>
Option B is the right option.
<em>please</em><em> </em><em>see</em><em> the</em><em> attached</em><em> picture</em><em> for</em><em> full</em><em> solution</em><em>.</em><em>.</em><em>.</em>
<em>Hope</em><em> </em><em>it</em><em> </em><em>helps</em><em>.</em><em>.</em><em>.</em><em>.</em>
<em>Good</em><em> </em><em>luck</em><em> on</em><em> your</em><em> assignment</em><em>.</em><em>.</em><em>.</em>