Answer: The required expected value is $3.46.
Step-by-step explanation:
Since we have given that
Number of value of 4 or less are
2,3,4
So, there are 12 in numbers.
So, probability would be
Since Aces are considered as the highest card in the deck.
So, remaining probability would be
Amount paid or value of 4 or less = $165
Amount not paid for other case = $45
So, the expected value would be
Hence, the required expected value is $3.46.
Answer:
the ratio is 6:4 if we were reduce it, it will be 3:2
The statement is True, Monte Carlo simulation generate many outcomes that are organized into a frequency distribution.
Monte Carlo simulation
- When the possibility of random variables is available, a Monte Carlo simulation is a model that is used to forecast the likelihood of a variety of events. Monte Carlo simulations assist in illuminating how risk and uncertainty affect forecasting and prediction models
- The potential accuracy of a Monte Carlo simulation is roughly 4%, which is still higher than the 1% accuracy stated by SAMPLE, even for a random function with a 3 error factor.
Learn more about Monte Carlo simulation here: brainly.com/question/14332670
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Answer:
right
Step-by-step explanation:
32/8=4
(m^5)(m^-3)=m^2
The value calculated by adding all the values of in a data set and dividing the sum by the number of values → Mean
The middle value when all the values are in order from least to greatest → Median
The value that appears most often in a data set → Mode
Hope this helped :)
