Lower quartile=25% of total frequency/numbers in the data set
Median=50% of total frequency/numbers in the data set
Upper quartile=75% of total frequency/numbers in the data set
Hope this helps:)
So, for number two, you fill in the numbers that theyve given you
x. y
1. 5
2. 3
3. 2
4. 1
5. 0
then you just draw the graph and draw arrows to the integers
Answer:
Step-by-step explanation:
Given that:
To bet $5 that the outcome is any one of these five possibilities: 0, 00, 1, 2, 3.
Let Y represent the Amount of net profit
Then, Y= {-5, 30}
The probability distribution of Y is:
Y -5 30
P(Y=y)
a) The expected value of X is given by:
b)
On a bet of $5 on the number 25 we are expected to loose 24 cents.
While on a $5 bet that the outcome is any one of the numbers 0,00, or 1 we are expected to loose 39 cents.
Hence, $5 bet on the number 27 is better. Because the expected loss is less in this bet
Hrbdjrb283.3jdjrhehhdhrbd
If that number is x:
120 = 1.60x
x = 120/1.60=75