Answer: b(4) or 4(b)
Step-by-step explanation:
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
Sweetie listen know first step is to go to google use the calcalater then u will receive the answer u looking for plzzzzzzzzz come back to me if u didn't find it yah know.
Answer:
Theo worked on it for 12 hours. Kade worked on it for 15 hours.
Step-by-step explanation: 12 plus 15 equals 27.
