Answer:
E(Y) = $0.5
Var(Y) = 14.25
you should pay the same amount $0.5
Step-by-step explanation:
E(Y) = = Σ(YP)
P = probability of each outcomes.
Var(Y) = Σ
p − (μ x μ)
E(Y) = (2 x 0.25) +(6 x 0.25) + (0.5 x (-3)) = $0.5
Var(Y) = (
x 0.25) + (
x 0.25) +(
x 0.5) - (
)
= 14.5 - 0.25
Var(Y) = 14.25
for the difference between the payoff and cost of playing to have mean 0, you should pay the same amount $0.5
Answer: 620≥ 427.57+ 11.38(4)+ (31.41) +57.75x
Step-by-step explanation:
So our limit is the 620$ that he has to spend. We know for a fact that the bike costs about 427.57 dollars. 4 $11.38 reflectors are purchased as well as gloves for 31.41. Now however many outfits he can purchase cannot exceed or go over his money limit of 620 so the variable (x) represents how many outfits he can buy without going over.
Divide -38 by -5
The negatives cancel out since a negative divided by a negative is a positive.
7.6
