The solutions to f(x) = 64 is x = 7 and x = –7.
Solution:
Given data:
– – – – (1)
– – – – (2)
To find the solutions to f(x) = 64.
Equate equation (1) and (2), we get
Subtract 15 from both sides of the equation.
Taking square root on both sides of the equation, we get
x = ±7
The solutions to f(x) = 64 is x = 7 and x = –7.
Answer:
E(Y) = $0.5
Var(Y) = 14.25
you should pay the same amount $0.5
Step-by-step explanation:
E(Y) = = Σ(YP)
P = probability of each outcomes.
Var(Y) = Σp − (μ x μ)
E(Y) = (2 x 0.25) +(6 x 0.25) + (0.5 x (-3)) = $0.5
Var(Y) = (x 0.25) + (
x 0.25) +(
x 0.5) - (
)
= 14.5 - 0.25
Var(Y) = 14.25
for the difference between the payoff and cost of playing to have mean 0, you should pay the same amount $0.5