Answer:
0.53
Step-by-step explanation:
Basically just go to your calculator and put in 8 divded by 15
To find median you set up the number least to greasiest and then cross each one out one side at a time until you get to the middle
Answer:
$190.50
Step-by-step explanation:
Expected value is the sum of each possible income multiplied by its probability.
There's a 5% chance that the vendor makes $200 and loses $190 (net gain of $10).
There's a 95% chance that the vendor makes $200 and loses $0 (net gain of $200).
So the expected value is:
Exp(RS) = $10 × 0.05 + $200 × 0.95
Exp(RS) = $190.50
X-3/8=-1/4
+3/8
x=-1/4+3/8
make both bottom numbers the same so you are able to add them
-1/4×2/2= -2/8
x=-2/8+3/8
x=1/8
