Answer:
Step-by-step explanation:
An option to buy a stock is priced at $150. If the stock closes above 30 next Thursday, the option will be worth $1000. If it closes below 20, the option will be worth nothing, and if it closes between 20 and 30, the option will be worth $200. A trader thinks there is a 50% chance that the stock will close in the 20-30 range, a 20% chance that it will close above 30, and a 30% chance that it will fall below 20.
a) Let X represent the price of the option
<h3><u> x P(X=x)
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$1000 20/100 = 0.2
$200 50/100 = 0.5
$0 30/100 = 0.3
b) Expected option price

Therefore expected gain = $300 - $150 = $150
c) The trader should buy the stock. Since there is an positive expected gain($150) in trading that stock option.
Let 'c' represent the number of pictures Chelsea took.
Let 's' represent the number of pictures Sonya took.
For last year's Thanksgiving, c + s = 236
For this year's Thanksgiving, let 'x' represent the number of photos taken in total. x = c + s, where c and s are two integers that are the same (c = s).
And we know that for both years, c + s + x = 500.
As we know that c + s is already 236 from last year, we can remove c + s from the equation in bold and replace it with 236 instead.
236 + x = 500.
Now we have to isolate the x term.
x = 500 - 236
x = 264.
We know that x = c + s, where c and s are the same, so we can just use one of the variables and double it (so you either get 2c or 2s - it doesn't matter which one you pick because they're both the same).
2c = 264
c = 132
c = s
s = 132.
Both took 132 pictures this year.
Answer:
7,515
Step-by-step explanation:
Answer: -c
8a+4
4b+5
Step-by-step explanation:
5c-4c+c-3c
c+c-3c
2c-3c
-c
3a+6+5a-2
8a+4
8b+8-4b-3
4b+5