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) = Σ
p − (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'm sure it's B
hope this helps :)
Answer:
Step-by-step explanation:
Answer:
Step-by-step explanation:
Using the Pythagorean Theorem, if you take 8 and square it, you get 64.
You then take 5 and square it giving you 25.
add the 64 and 25 to get you 89 = x squared.
Then take the square roots of x. (Keep in mind, what you do to one side must be done to the other.)
Because 89 is not a perfect square, you can it it as the square root of 89.
