Answer: should be 4.13
Step-by-step explanation: -12.4 divided by 3 is -4.13333333333 and goes on
Answer:
8939459577232
Step-by-step explanation:
yeah
Answer:
$190.50
Step-by-step explanation:
Expected value is the sum of each possible income multiplied by its probability.
There's a 5% chance that the vendor makes $200 and loses $190 (net gain of $10).
There's a 95% chance that the vendor makes $200 and loses $0 (net gain of $200).
So the expected value is:
Exp(RS) = $10 × 0.05 + $200 × 0.95
Exp(RS) = $190.50
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