Consider the following time series: t12345 6 11 9 14 15 a. Construct a time series plot. What type of pattern exists in the data
1 answer:
Answer:
Kindly check explanation and attached picture
Step-by-step explanation:
Given the time-series data:
Time (x) : 1 - - 2 - - 3 - - - 4 - - - 5
Data (yt) :6 - - 11 - - 9 - - 14 - - 15
The pattern which exists within the data is a linear pattern which could be inferred through the observable decrement and Incremental change in the y values at a steady or constant rate with time. The second attachment shows the linear trend line of the data.
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Answer:
E(Y) = $0.5
Var(Y) = 14.25
you should pay the same amount $0.5
Step-by-step explanation:
E(Y) = = Σ(YP)
P = probability of each outcomes.
Var(Y) = Σp − (μ x μ)
E(Y) = (2 x 0.25) +(6 x 0.25) + (0.5 x (-3)) = $0.5
Var(Y) = (x 0.25) + (
x 0.25) +(
x 0.5) - (
)
= 14.5 - 0.25
Var(Y) = 14.25
for the difference between the payoff and cost of playing to have mean 0, you should pay the same amount $0.5
I am sending more pictures so you can see how I got the answer
