a real estate agent earns 2.4% on the sale of a house priced at $89,950. What is her take home pay that day?
1 answer:
You might be interested in
Answer:
E(X)=3.125
Step-by-step explanation:
We are given that two four sided dice.
Then , the sample space
{(1,1),(1,2),(1,3),(1,4),(2,1),(2,2),(2,3),(2,4),(3,1),(3,2),(3,3),(3,4),(4,1),(4,2),(4,3),(4,4)}
Total number of outcomes=16
Let the random variable X represent the maximum value of the two dice
Outcomes X P(X)
(1,1) 1 1/16
(1,2),(2,1),(2,2) 2 3/16
(1,3),(2,3),(3,1),(3,2),(3,3) 3 5/16
(1,4),(3,4) ,(2,4),(4,1),(4,2),(4,3),(4,4) 4 7/16
Using the probability formula
Now,