The expected value that this broker assign to this stock's end-of-the-year price is $58.50.
Using this formula
Expected value=Stock worth at $50+ Stock worth at $60+ Stock worth at $70
Where:
Stock worth at $50=40% chance
Stock worth at $60=35% chance
Stock worth at $70=25% chance
Let plug in the formula
Expected value=(40%×$50)+($35%×$60)+($25%×$70)
Expected value=$20+$21+$17.5
Expected value=$58.50
Inconclusion the expected value that this broker assign to this stock's end-of-the-year price is $58.50.
Learn more here:
brainly.com/question/12834805
Answer:
56 pages per hour
Step-by-step explanation:
multiply 14 by 4 because 1/4 * 4 = 1
Answer:
Step-by-step explanation:
Given the expression 4^{-2}•7^{-2}. The following expression are equivalent to given expression on simplification.
Generally from indices, a^-b = 1/a^b. Applying this to the given expression we have:
4^{-2}•7^{-2} = 1/4^2 • 1/7^2
= 1/(4×4) • 1/(7×7)
= 1/16 • 1/49
= 1/(16×49)
= 1/784
For future reference, you could use Desmos for graphs. but should be (1,1)
