The expected value that this broker assign to this stock's end-of-the-year price is $58.50.
Using this formula
Expected value=Stock worth at $50+ Stock worth at $60+ Stock worth at $70
Where:
Stock worth at $50=40% chance
Stock worth at $60=35% chance
Stock worth at $70=25% chance
Let plug in the formula
Expected value=(40%×$50)+($35%×$60)+($25%×$70)
Expected value=$20+$21+$17.5
Expected value=$58.50
Inconclusion the expected value that this broker assign to this stock's end-of-the-year price is $58.50.
Learn more here:
brainly.com/question/12834805
Answer:
A: $656 B: $24.6 per hour, $172.2 total overtime pay. C: $828.2
Step-by-step explanation:
A: multiply 16.4 times 40
B: <u>16.4 / 2 = 8.2</u> <u>8.2 + 16.4 = 24.6. </u> <u>24.6 times 7 is 172.2</u>
C: Add overtime pay and regular pay to get total gross pay.
5% of 8 then the eight then calculate the square it then multiply it by the response and you’ll get your answer:)
Where is the rest of the question?
It was 150, went down to 100, so it went 50 bucks.
now, if we take 150 as the 100%, what is 50 off of it in percentage?
