Hello!
I believe that Frank finished 5/8 of his book report.
To find the answer, you first need to multiply 1/2 by 4 (1/2*4)
Once you've done that, you'll have 4/8. ow you need to add 1/8 to 4/8 to get 5/8
I hope this helps!
Answer:
I am pretty sur it is 3
Step-by-step explanation:
The lottery's anticipated worth is $80.
Given that,
The probability of receiving $125 is 0.25; the likelihood of receiving $100 is 0.3; and the likelihood of receiving $50 is 0.45.
A) EV=125*.2+100*.3+50*.5=$80
The lottery's anticipated worth is $80.
The expected value is obtained by multiplying each result by its likelihood.
The expected value of the lottery is then calculated by adding up all of these.
This is what we have: ;;
125(0.2) + 100(0.3) + 50(0.5) (0.5)
= 25 + 30 + 25 = $80
B) This is the formula for variance is shown in figure :
So, we can calculate the variance as follows:
.2*(125-80)^2+.3*(100-80)^2+.5*(50-80)^2=975
C) A risk-neutral person would pay $80 or less to play the lottery.
To learn more about probability click here:
brainly.com/question/14210034
#SPJ4