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) = Σ
p − (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
Answer:
It should be the second one
Step-by-step explanation:
Answer:
Step-by-step explanation:
Assuming the number of tickets sales from Mondays is normally distributed. the formula for normal distribution would be applied. It is expressed as
z = (x - u)/s
Where
x = ticket sales from monday
u = mean amount of ticket
s = standard deviation
From the information given,
u = 500 tickets
s = 50 tickets
We want to find the probability that the mean will be greater than 510. It is expressed as
P(x greater than 510) = 1 - P(x lesser than or equal to 510)
For x = 510
z = (510 - 500)/50 = 0.2
Looking at the normal distribution table, the probability corresponding to the z score is 0.9773
P(x greater than 510) = 1 - 0.9773 = 0.0227
Answer:
r=3
Step-by-step explanation:
if n=10
r=n-7
r=(10)-7
r=3
for nine they are not for 10 yes
