Answer:
I see two triangles
Step-by-step explanation:
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.
Answer:
Number of ducks = 37
Number of pigs = 18
Step-by-step explanation:
Let,
x be the number of ducks
y be the number of pigs
According to given statement;
x+y=55 Eqn 1
2x+4y=146 Eqn 2 (As ducks will have 2 legs and pigs will have 4)
Multiplying Eqn 1 by 2
2(x+y=55)
2x+2y=110 Eqn 3
Subtracting Eqn 3 from Eqn 2
(2x+4y)-(2x+2y)=146-110
2x+4y-2x-2y=36
2y=36
Dividing both sides by 2

Putting y=18 in Eqn 1
x+18=55
x = 55-18
x = 37
Hence,
Number of ducks = 37
Number of pigs = 18
The amount of water that is needed to fill the pool is equal to the volume of the pool.
The pool is rectangular, with uniform depth so the volume of pool will be the product of its length , width and depth.
Thus,
Volume = 25 x 18 x 6 = 2700 ft³
This means, 2700 ft³ water is needed to fill the pool.
Answer:
No, It is not a function!
Step-by-step explanation: