Answer:
The expected value is $3.95
Step-by-step explanation:
Here, we want to get the expected value
Mathematically, what we have to do here is to multiply each of the probabilities by the pay out value, before we proceed to add up
We have this as;
0(0.5) + 0.2(5) + 0.15(8) + 10(0.1) + 15(0.05)
= 0 + 1 + 1.2 + 1 + 0.75 = 3.95
Answer: the margin of error is 0.02
Step-by-step explanation:
Confidence interval for population proportion is written as
Sample proportion ± margin of error
If the confidence interval for this population proportion is (0.52, 0.56.), it means that the lower boundary is 0.52 and the upper boundary is 0.56
Let x represent the sample proportion and y represent the margin of error. Therefore,
x - y = 0.52
x + y = 0.56
Subtracting the second equation from the first equation, it becomes
- 2y = - 0.04
y = - 0.04/-2
y = 0.02
Answer:
j = -56
Step-by-step explanation:
j - 39 = -95
Add 39 to both sides:
j - 39 = -95
+ 39 + 39
j = -56
Final answer: j = -56
Hope this helps!
Answer:
y=1.09x+0.4
Step-by-step explanation:
Let's assume that the price of beef stays the same for every pound of beef (the first pound is also $1.09)
Then, the equation would be, it y was the cost, and x was pounds:
y=1.09x
But, the price of beef is not the same for the first pound.
The first pound costs an extra 1.49-1.09=0.4 dollars a pound, so we will add that to the equation.
y=1.09x+0.4
