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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1, 10, 25, 50, and so on...
Answer: 8x+3x=12x+9
The number is -9.
Step-by-step explanation: Combine like terms.
11x=12x+9
Subtract 12x from the other side. 11x-12x= -1x
-1x+9
Divide by -1 to isolate x.
-1/-1 cancels out.
9/-1= -9
x=-9
Plug in -9 to check your answer if you want to double check.
Step-by-step explanation:
Mark each mark by 15 mins add an extra tick at the time section
the corner before the first 15 min mark make a tilted line to 15 mins and 30,000 feet draw a straight line till 2 hours and 15 mins draw titled down to 2 hours and 30 mins