The lottery's anticipated worth is $80.
Given that,
The probability of receiving $125 is 0.25; the likelihood of receiving $100 is 0.3; and the likelihood of receiving $50 is 0.45.
A) EV=125*.2+100*.3+50*.5=$80
The lottery's anticipated worth is $80.
The expected value is obtained by multiplying each result by its likelihood.
The expected value of the lottery is then calculated by adding up all of these.
This is what we have: ;;
125(0.2) + 100(0.3) + 50(0.5) (0.5)
= 25 + 30 + 25 = $80
B) This is the formula for variance is shown in figure :
So, we can calculate the variance as follows:
.2*(125-80)^2+.3*(100-80)^2+.5*(50-80)^2=975
C) A risk-neutral person would pay $80 or less to play the lottery.
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There are 1000 millilitres in a litre so that is 2.7 litres. 2.7 to the nearest litre is 3 litres.
Answer:
17
Step-by-step explanation:
Step-by-step explanation:
6+[11-{10+2-(8×2+1-3×4)}]
6+[11-{10+2-(8×2+1-3×4)}]6+[11-{10+2-(12)}
6+[11-{10+2-(8×2+1-3×4)}]6+[11-{10+2-(12)} ]6+[11-[10+2-12}]
6+[11-{10+2-(8×2+1-3×4)}]6+[11-{10+2-(12)} ]6+[11-{10+2-12}]6+[11-{0}]
6+[11-0]
6+[11]
6+11
17 Ans.
Answer:
125
Step-by-step explanation:
Steps to Solving the Problem
So let's say you have five friends who who are each going to pay you five dollars for the next five days. You can figure out how much money you will receive by calculating five cubed or five to the third power. This will tell us how much money you will get because you will multiply 5 by 5 by 5 or 5 cubed.
To start, you need to turn words into numbers by figuring out the base and exponent. An exponent is the number after the ^ which tells you how many times to multiply the base number by itself. The base number comes before the ^. When five is cubed, five is the base number which will show up before the ^.
Three is the exponent and will be the number after the ^. We know three is the exponent because of the word 'cubed,' which always represents the number three.
We can write out five cubed as:
5^3
Once the exponent and base are figured out, we need to write out the long version, which shows all the multiplication being done. In this case, the exponent of three tells us to multiply five by itself three times.
5 x 5 x 5
This shows us 5 friends multiplied by $5 multiplied by 5 days.
From here, multiply the numbers out to get the final answer. Multiply two numbers at a time to so you don't make a mistake.
5 x 5 = 25
25 x 5 = 125
