The largest of the three would be 53, then 51, then 49.
Answer: charging in premiums in exchange for insurance coverage???
Step-by-step explanation:
Answer:
μ = 1 The firm expects that one oil exploration will be successful.
v(x)= 0.9
Step-by-step explanation:
The first step is to define the random variable x as:
x: number of oil explorations being succesful
Then x can be take this values:
x = 0 , x =1 ... x =10
x is a binomially distributed random variable with parameters.
p = 0.1 and n=10
And the mean or the expected value of x is:
μ = E(x) = np
Then μ = 10*0.1 = 1
And the variance of x is:
V(x) = np(1-p)
V(x) = 10(0.1)(1-0.1)= 0.9
No because when you do 3*--9 = 27 and 4*--12 =48
1. 2880
2. 67%
Its simple math just put in effort
