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Zigmanuir [339]
2 years ago
9

I got zero, but that’s wrong.

Mathematics
1 answer:
meriva2 years ago
3 0

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>

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Answer:

a.is approximately normal because of the central limit theorem.

Step-by-step explanation:

The central limit theorem states that if we have a population with mean μ and standard deviation σ and we take sufficiently large random samples from the population with replacement, then the distribution of the sample means will be approximately normally distributed.

For any distribution if the number of samples n ≥ 30, the sample distribution will be approximately normal.

Since in our question, the sample of observations is 50, n = 50.

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2 years ago
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Answer:

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Step-by-step explanation:

Give that,

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