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Answer: The answer is (4,5)
Step-by-step explanation:
Answer:
The percent of increase is 25%
Step-by-step explanation:
Percentage increase = increase in price/original price × 100 = ($250 - $200)/$200 × 100 = $50/$200 × 100 = 25%
Answer:
The expected value is $3.95
Step-by-step explanation:
Here, we want to get the expected value
Mathematically, what we have to do here is to multiply each of the probabilities by the pay out value, before we proceed to add up
We have this as;
0(0.5) + 0.2(5) + 0.15(8) + 10(0.1) + 15(0.05)
= 0 + 1 + 1.2 + 1 + 0.75 = 3.95
