Anywhere from 7 - 13 hours
Answer:
1/12 of the container of milk will be left in the container
Step-by-step explanation:
To solve the question, we first note the variables
Volume of milk available = 9/12 of a container
Volume of milk poured in a pan = 2/3 of a container
Quantity of milk left = Initial quantity of milk less the quantity poured out
That is 9/12-2/3 = 1/12 of the container of milk
This means that there will be only 1/12 of the container of milk left
Answer: Without replacing
Step-by-step explanation:
If you don't replace the first red marble, it decreases the number of red marbles in the mix, making the proportion of blue marbles relatively larger. For example, if there were 5 red and 5 blue marbles, there would be a 50% chance of drawing a blue marble. If the red drawn is not replaced, there is a 5/9 chance of drawing a blue marble, or a 55% chance of drawing one.
Answer:
Step-by-step explanation:
An option to buy a stock is priced at $150. If the stock closes above 30 next Thursday, the option will be worth $1000. If it closes below 20, the option will be worth nothing, and if it closes between 20 and 30, the option will be worth $200. A trader thinks there is a 50% chance that the stock will close in the 20-30 range, a 20% chance that it will close above 30, and a 30% chance that it will fall below 20.
a) Let X represent the price of the option
<h3><u> x P(X=x)
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$1000 20/100 = 0.2
$200 50/100 = 0.5
$0 30/100 = 0.3
b) Expected option price

Therefore expected gain = $300 - $150 = $150
c) The trader should buy the stock. Since there is an positive expected gain($150) in trading that stock option.