An investment analyst has tracked a certain bluechip stock for the past six months and found that on any given day, it either go
1 answer:
Answer:
0.2109 or 21.09%
Step-by-step explanation:
In order to maintain the same price after two days, the stock must go up (U) on two days and go down (D) on two days, the sample space for this event is:
S={UUDD, UDUD, UDDU, DDUU, DUDU, DUUD}
There are 6 equally likely possible outcomes. The probability that the price of the stock will be the same as it is today is:
The probability is 0.2109 or 21.09%.
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Answer:
the expected value of this raffle if you buy 1 ticket = -0.65
Step-by-step explanation:
Given that :
Five thousand tickets are sold at $1 each for a charity raffle
Tickets are to be drawn at random and monetary prizes awarded as follows: 1 prize of $500, 3 prizes of $300, 5 prizes of $50, and 20 prizes of $5.
Thus; the amount and the corresponding probability can be computed as:
Amount Probability
$500 -$1 = $499 1/5000
$300 -$1 = $299 3/5000
$50 - $1 = $49 5/5000
$5 - $1 = $4 20/5000
-$1 1- 29/5000 = 4971/5000
The expected value of the raffle if 1 ticket is being bought is as follows:
Thus; the expected value of this raffle if you buy 1 ticket = -0.65