Answer:
Step-by-step explanation:
The expected return is given as
Expected Return = SUM (Return i x Probability i). i=1,2,3.....
First investment
Probability of 0.7, it returns 60cents per dollars
Second investment
Probably of 0.3, it loses 20cents per dollar.
Expected return=(0.7×60)-(0.3×20)
Excepted return= 42-6
Excepted return=36cents
To dollars, 1cents is 0.01dollars
Then, 36cents = 0.36dollars
Expected return=$0.36
-1/3
really? it's that easy dude.
whatever number is next to x, like say, 3x, that number would be the slope, so it would be 3.
hope it helped.
No, it would end up being 20a-32 which is not equivalent to 12a-6
(5, 90)
You can solve both equations for y and then set equal to each other. Then use the quadratic equation to solve for x