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
Answer:
21,7 - yes
28,3 - no
17,3 - no
20,4 - yes
55,5 - yes
15,5 - yes
26,4 - no
32,8 - yes
48,7 no
60,2 - yes
79,4 - no
81,3 - yes
Step-by-step explanation:
hope that helps
Use Socratic it gives u a step by step explanation
Answer:
(3,4)
Step-by-step explanation:
Answer:
1 battery cost .49875 cents, but .50 rounded
Step-by-step explanation:
Divide 3.99 by 8 and you will get .49875
