Answer: B. The total fare changes by $4 per kilometer, and it will cost $24 for a distance of 6 kilometers.
Step-by-step explanation:
Answer:
The population of interest is composed by all mean that live in Laramie.
Step-by-step explanation:
Sampling
This is a common statistics practice, when we want to study something from a population, we find a sample of this population.
For example:
I want to estimate the proportion of New York state residents who are Buffalo Bills fans. So i ask, lets say, 1000 randomly selected New York state residents whether they are Buffalo Bills fans, and expand this to the entire population of New York State residents.
In this question:
Sample of 100 men from Laramie. This means that the population of interest is composed by all mean that live in Laramie.
Answer:

So then the expected value in the long run for this case would be 19 millions
Step-by-step explanation:
Previous concepts
The expected value of a random variable X is the n-th moment about zero of a probability density function f(x) if X is continuous, or the weighted average for a discrete probability distribution, if X is discrete. And is defined as:

For 
Solution to the problem
Let's define the random variable X as the expected return for a new drug.
For this case we expected a return of X=750 millions with a probability of 0.14. We assume that p is the probability of success for this case p =0.14.
And the probability of no success on this case would be q = 1-p = 1-0.14 =0.86. And the cost associated for this case would be X= -100 million
If we use the definition of expected value we have this:

So then the expected value in the long run for this case would be 19 millions