Answer:
You already answered it.
Step-by-step explanation:
Answer:340
Step-by-step explanation:
1.D, both.
not sure of the other though
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
Y = mx + b
slope(m) = -3/4
(3,3)....x = 3 and y = 3
now we sub and find b, the y int
3 = -3/4(3) + b
3 = -9/4 + b
3 + 9/4 = b
12/4 + 9/4 = b
21/4 = b.....or 5.25 for graphing purposes
so ur equation is : y = -3/4x + 21/4
ur y int = (0,21/4) or (0,5.25)
ur x int can be found by subbing in 0 for y and solving for x
y = -3/4x + 21/4
0 = -3/4x + 21/4
3/4x = 21/4
x = 21/4 * 4/3
x = 84/12 = 7.....so ur x int is (7,0)
so plot ur points (7,0) and (0,5.25)....now start at (0,5.25) and since the slope is -3/4, come down 3 spaces and go to the right 4 spaces, then down 3, and to the right 4 and u will eventually cross the x axis at (7,0)
