A large company is expanding its workforce and needs to hire some new administrative assistants. They found the relationship bet
ween starting salary and months of experience. Their results are in the table. Find the equation for the line of best fit for this data. its number 6 on the paper
1 answer:
The graph on #6 describes a scatterplot. Because years of experience is the input, this makes the starting salary our output. Finding the best fitting line in a scatterplot requires the line to follow a trajectory similar to that of the points. As a result, there will be outliers. Since I don't know what "the calculator" is meant by this problem, I have used a different program. I hope it works for you. Good luck.
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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.