Answer:
Below.
Step-by-step explanation:
15y + 12x = 18
5y + 4x = 6
The second equations is the first times 3 so they are basically the same.
Infinite Solutions.
2x+ 3y= 12
-6y= 4x-24 Rearranging the second equation:
-4x - 6y = -24 Multiplying the first equation by 2:
4x + 6y = 24
- we see that the last equation is -1 * previous equation.
So there are infinite solutions.
Answer:
Step-by-step explanation:
An option to buy a stock is priced at $150. If the stock closes above 30 next Thursday, the option will be worth $1000. If it closes below 20, the option will be worth nothing, and if it closes between 20 and 30, the option will be worth $200. A trader thinks there is a 50% chance that the stock will close in the 20-30 range, a 20% chance that it will close above 30, and a 30% chance that it will fall below 20.
a) Let X represent the price of the option
<h3><u> x P(X=x)
</u></h3>
$1000 20/100 = 0.2
$200 50/100 = 0.5
$0 30/100 = 0.3
b) Expected option price

Therefore expected gain = $300 - $150 = $150
c) The trader should buy the stock. Since there is an positive expected gain($150) in trading that stock option.
Answer:
18
Step-by-step explanation:
243÷13=18remainder9
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