9/81 is equivalent to which fraction ?
2 answers:
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Answer: 0.0971
Step-by-step explanation:
Given : Sample size :
The percent of people are afraid of flying
Thus the proportion of people are afraid of flying
We know that the formula to find the standard deviation of the distribution of sample proportions is given by :-
Hence, the standard deviation of the distribution of sample proportions = 0.0971
Answer: See explanation
Step-by-step explanation:
a. Construct a decision tree for Wile
The solution to the question has been attached.
b. What is the expected value of the new car?
= [(0.2 × $10,000) + (0.8 × $18,000)] - $22,000
= $2000 + $14400 - $22000
= $16400 - $22000
= -$5600
c. What is the expected value of the used car?
= [(0.4 × $4000) + (0.6 ×$9000] - $12000
= $1600 + 5400 - $12000
= $7000 - $12000
= -$5000
d. What is the expected value of leasing the car?
= [(0.1 × -$2000) + (0.9 ×0)] - $8500
= -$200 - $8500
= -$8700
