Answer:
Expected value is 4,000
Step-by-step explanation:
To find expected value ⇒ multiply the value by it's probability
40% × ( -25,000 ) = - 10,000
Breaking means neither add nor subtract a given amount
20% × 0 = 0
35% × 40,000 = 14,000
∴ Expected value = -10,000 + 14,000 = 4,000
LOSS: -10,000
BREAK EVEN: 0
WIN: 14,000
Expected value is 4,000
<em>hope this helps....</em>
Answer:
Yes, the probability distribution is valid.
Step-by-step explanation:
Given :
Income range ___ midpoint(x) ___ %
5 - 15 __________ 10 _____20%
15 - 25 _________ 20 _____13%
25- 35 _________ 30 _____ 21%
35 - 45 _________40 _____ 17%
45 - 55_________ 40 ____ 20%
55 or more _______ 50 _____9%
Yes, we do have a valid probability distributuon ; as the summation of the percentage values is equal to 100%
It would be the same equal. g(x)=x-1. hope this helps
Looking at the chart, we can see that with diet chow, the weight changed by -26, while with kitty diet, it changed by -13. Therefore, the Diet Chow was more effective
