The simplified answer is 4/5
The answer would be D.
Randall should choose the rebate offer because the shoes will be $2.40 less than if he chooses the sale price.
88 - 20% = 70.4
88 - 20 = 68
70.4 - 68 = 2.4 (2.40)
Please mark me brainliest! Thanks!
The answer is -6. Thought there is a chance I am wrong. Need an 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)
</u></h3>
$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.
<span>Commutative Property is the property in which you can move around numbers in numerical operations like, addition and multiplication while retaining their result. In contrast to subtraction and division in which position is an important factor for every result, here it is regardless. </span>Why might you want to use this property?<span>Well, most importantly it suits the operation of addition and hence, to ensure the arrangement of the number is in symmetric proportion to its counterpart such as 3 + 2=2 + 3. Or rather, understanding that the equations in both sides are but the same and equal in sum. Thus, this is much more usable or will make more sense if used in a larger scale of complex equations and integers.<span>
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