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.
To learn more about probability click here:
brainly.com/question/14210034
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Answer: it is NOT proportional
Step-by-step explanation: it doesn’t stick to 1 number going up if that makes sense, it’s adding 1 each time it goes up but it has to stick to one number going up making this NOT proportional
Answer:
what the expression, lmk in comments and then i will help you :)
Step-by-step explanation:
Answer:
Y= 42
Step-by-step explanation:
The answer would be 42 because if x=9 and the equation is 5x you have to multiply and that will give you 45 and then subtract 3 which would give you 42
It’s 2/15
It’s just 2x1 and 3x5