The lottery's anticipated worth is $80.
Given that,
The probability of receiving $125 is 0.25; the likelihood of receiving $100 is 0.3; and the likelihood of receiving $50 is 0.45.
A) EV=125*.2+100*.3+50*.5=$80
The lottery's anticipated worth is $80.
The expected value is obtained by multiplying each result by its likelihood.
The expected value of the lottery is then calculated by adding up all of these.
This is what we have: ;;
125(0.2) + 100(0.3) + 50(0.5) (0.5)
= 25 + 30 + 25 = $80
B) This is the formula for variance is shown in figure :
So, we can calculate the variance as follows:
.2*(125-80)^2+.3*(100-80)^2+.5*(50-80)^2=975
C) A risk-neutral person would pay $80 or less to play the lottery.
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Answer:
The Recursive Formula for the sequence is:
; a₁ = 125
Hence, option D is correct.
Step-by-step explanation:
We know that a geometric sequence has a constant ratio 'r'.
The formula for the nth term of the geometric sequence is
where
aₙ is the nth term of the sequence
a₁ is the first term of the sequence
r is the common ratio
We are given the explicit formula for the geometric sequence such as:
comparing with the nth term of the sequence, we get
a₁ = 125
r = 1/5
Recursive Formula:
We already know that
We know that each successive term in the geometric sequence is 'r' times the previous term where 'r' is the common ratio.
i.e.
Thus, substituting r = 1/5
and a₁ = 125.
Therefore, the Recursive Formula for the sequence is:
; a₁ = 125
Hence, option D is correct.
Answer:
y = 3/2x - 5
Step-by-step explanation:
To find the equation of the line
Step 1: find slope
( 2 , -2) ( 4 , 1)
x_1 = 2
y_1 = -2
x_2 = 4
y_2 = 1
Insert the values into
m = (y_2 - y_1) / (x_2 - x_1)
m = ( 1 - (-2) / (4 - 2)
= ( 1 + 2) / ( 4 -2 )
= 3 / 2
m = 3/2
Step 2: substitute m into the equation
y = mx + c
y = 3/2x + c
Step 3: substitute any of the two points into the equation
Let's pick (4 , 1)
x = 4
y = 1
y = 3/2x + c
1 = 3/2(4) + c
1 = 3*4/2 + c
1 = 12/2 + c
1 = 6 + c
1 - 6 = c
c = 1 - 6
c = -5
Step 4 : substitute c into the equation
y = 3/2x + c
y = 3/2x - 5
The equation of the line is
y = 3/2x - 5
Measures of angles 2, 3, 4, added equal 180
