The probability of profiting $5.2 million is 5% = 0.05
The probability of profiting $0.9 million is 50% = 0.5
The probability of breaking even, meaning no profit gain, is 45% = 0.45
Expected profit values of the CD is given by
(0.05×5.2) + (0.5×0.9) + (0.45×0) = 0.26+0.45+0 = 0.71 million
Answer:
yes
Step-by-step explanation:
take for example
in the expression: 3x²+5x+2=0,
the coefficients here are +3 and +5 while +2 is a constant. +3 and +5 are coefficients of the variables x² and x respectively
Certain events have a 100% probability of occurring, and impossible events have a 0% chance of occurring.
Theoretical probability is based on a mathematical estimate, whereas experimental probability is a probability determined based off of an experiment.
Answer:
25,328.941 ÷ 104= 7.90415302
Step-by-step explanation: