Answer:
121.666666667
Step-by-step explanation:
There is a 25% that Clarissa will choose oatmeal. That is because there are 4 options that can be chosen at random. So the probability to choose any of the meals would be 25%.
Answer:
$600
Step-by-step explanation:
Let the random variable
denote the damage in $ incurred in a certain type of accident during a given year. The probability distribution of
is given by

A company offers a $500 deductible policy and it wishes its expected profit to be $100. The premium function is given by

For
, we have

For
,

For
,

For
,

Therefore, the probability distribution of
is given by

To determine the premium amount that the company should charge, we need to calculate the expected value of 

Therefore,

which means the $600 is the amount the should be charged.
Answer: A.) $19.48
B.) -$1.40
C.) The sign in B, the negative, means that if the price of the share were to continue dropping, then it will become negative.
Step-by-step explanation:
Answer:
The correct option is a.
Step-by-step explanation:
Given information:
Number of elements in set A = 4
Number of elements in set B = 3
We need to find n(A × B). It means we have to find the number of elements in set A × B.
If P and Q are two sets with elements m and n respectively, then the number of element in the set P × Q is m × n.



The value of n(A × B) is 12. Therefore the correct option is a.