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1) We have that there are in total 6 outcomes If we name the chips by 1a, 1b, 3 ,5 the combinations are: 1a,3 \ 1b, 3 \1a, 5\ 1b, 5\ 3,5\1a,1b. Of those outcomes, only one give Miguel a profit, 1-1. THen he gets 2 dollars and in the other cases he lose 1 dollar. Thus, there is a 1/6 probability that he gets 2$ and a 5/6 probability that he loses 1$.
2) We can calculate the expected value of the game with the following: E=
. In general, the formula is 
where E is the expected value, p the probability of each event and V the value of each event. This gives a result of E=2/6-5/6=3/6=0.5$ Hence, Miguel loses half a dollar ever y time he plays.
3) We can adjust the value v of the winning event and since we want to have a fair game, the expecation at the end must be 0 (he must neither win or lose on average). Thus, we need to solve the equation for v:
0=
. Multiplying by 6 both parts, we get v-5=0 or that v=5$. Hence, we must give 5$ if 1-1 happens, not 2.
4) So, we have that the probability that you get a red or purple or yellow sector is 2/7. We have that the probability for the blue sector is only 1/7 since there are 7 vectors and only one is blue. Similarly, the 2nd row of the table needs to be filled with the product of probability and expectations. Hence, for the red sector we have 2/7*(-1)=-2/7, for the yellow sector we have 2/7*1=2/7, for the purple sector it is 2/7*0=0, for the blue sector 1/7*3=3/7. The average payoff is given by adding all these, hence it is 3/7.
5) We can approach the problem just like above and set up an equation the value of one sector as an unknown. But here, we can be smarter and notice that the average outcome is equal to the average outcome of the blue sector. Hence, we can get a fair game if we make the value of the blue sector 0. If this is the case, the sum of the other sectors is 0 too (-2/7+0+2/7) and the expected value is also zero.
6) We want to maximize the points that he is getting. If he shoots three points, he will get 3 points with a probability of 0.30. Hence the average payoff is 0.30*3=0.90. If he passes to his teammate, he will shoot for 2 points, with a success rate of 0.48. Hence, the average payoff is 0.48*2=0.96. We see that he should pass to his player since 0.06 more points are scored on average.
7) Let us use the expections formula we mentioned in 1. Substituting the possibilities and the values for all 4 events (each event is the different profit of the business at the end of the year).
E=0.2*(-10000)+0.4*0+0.3*5000+0.1*8000=-2000+0+1500+800=300$
This is the average payoff of the firm per year.
8) The firm goes even when the total profits equal the investment. Suppose we have that the firm has x years in business. Then x*300=1200 must be satisfied, since the investment is 1200$ and the payoff per year is 300$. We get that x=4. Hence, Claire will get her investment back in 4 years.
2) We can calculate the expected value of the game with the following: E=
3) We can adjust the value v of the winning event and since we want to have a fair game, the expecation at the end must be 0 (he must neither win or lose on average). Thus, we need to solve the equation for v:
0=
4) So, we have that the probability that you get a red or purple or yellow sector is 2/7. We have that the probability for the blue sector is only 1/7 since there are 7 vectors and only one is blue. Similarly, the 2nd row of the table needs to be filled with the product of probability and expectations. Hence, for the red sector we have 2/7*(-1)=-2/7, for the yellow sector we have 2/7*1=2/7, for the purple sector it is 2/7*0=0, for the blue sector 1/7*3=3/7. The average payoff is given by adding all these, hence it is 3/7.
5) We can approach the problem just like above and set up an equation the value of one sector as an unknown. But here, we can be smarter and notice that the average outcome is equal to the average outcome of the blue sector. Hence, we can get a fair game if we make the value of the blue sector 0. If this is the case, the sum of the other sectors is 0 too (-2/7+0+2/7) and the expected value is also zero.
6) We want to maximize the points that he is getting. If he shoots three points, he will get 3 points with a probability of 0.30. Hence the average payoff is 0.30*3=0.90. If he passes to his teammate, he will shoot for 2 points, with a success rate of 0.48. Hence, the average payoff is 0.48*2=0.96. We see that he should pass to his player since 0.06 more points are scored on average.
7) Let us use the expections formula we mentioned in 1. Substituting the possibilities and the values for all 4 events (each event is the different profit of the business at the end of the year).
E=0.2*(-10000)+0.4*0+0.3*5000+0.1*8000=-2000+0+1500+800=300$
This is the average payoff of the firm per year.
8) The firm goes even when the total profits equal the investment. Suppose we have that the firm has x years in business. Then x*300=1200 must be satisfied, since the investment is 1200$ and the payoff per year is 300$. We get that x=4. Hence, Claire will get her investment back in 4 years.
Answer:
114.02 meters
Step-by-step explanation:
The information you're given about the tree will form a triangle, with the three corners being the top of the tree, the point where the tree meets the ground, and the specified point 41.5 meters from the tree. The angle of elevation (70°) is the angle made where the line representing the ground and the line connecting the top of the tree to the ground at the specified point connect.
The angle where the tree meets the ground is 90°, so the triangle a right triangle.
So this all means you know one angle of a right triangle (70°) and the side adjacent to this angle (41.5 meters). You're solving for the height of the tree, which is the side opposite of the angle you know. You can solve using either <em>Sine, Cosine, </em>or <em>Tangent.</em>
Use the acronym SOHCAHTOA to figure out which of those three functions to use. Feel free to look this up for more information if you haven't heard of it before. In this case, we're using Tangent (TOA = Tangent, Opposite side, Adjacent side)
To solve using any of those three functions, you'll need a scientific calculator. On your calculator, you'll see the buttons <em>SIN, COS, </em>and<em>TAN.</em> For this problem, press <em>TAN</em> and you'll see something appear that says <em>tan (___)</em>. You'll need to input a number to get your answer, and here's how to find that number:
Again referencing SOHCAHTOA, the "TOA" part lists Opposite first and then Adjacent. This is because you're going to write a fraction with those two numbers, and since Opposite is first, it's the numerator. That means that Adjacent is the denominator. We don't know the value of the opposite side, so it'll be represented by <em>x</em>, and we do know the value of the adjacent side, 41.5. This means the fraction is .
This isn't the number to input into the calculator -- you need to isolate the variable:
The original equation is:
tan 70 = x/41.5
Multiply both sides by 41.5 (To cancel out the denominator and isolate <em>x</em>)
tan 70 (41.5) = x
Now you've got the equation for <em>x, </em>you're ready to put this in your calculator.
What appeared on your calculator was:
tan(__)
Input like follows:
(tan(70))41.5
The brackets are needed like that so the calculator knows to multiply the entire thing by 41.5. You might get a wrong answer otherwise.
Hit enter, and you'l get the height of the tree:
114.02 meters