Answer:
a). The mean = 1000
The variance = 999,000
The standard deviation = 999.4999
b). 1000 times , loss
Step-by-step explanation:
The mean of geometric distribution is given as , 
And the variance is given by, 
Given : 
= 0.001
The formulae of mean and variance are :



a). Mean = 
=
= 1000
Variance = 
= 
= 999,000
The standard deviation is determined by the root of the variance.

=
= 999.4999
b). We expect to have play lottery 1000 times to win, because the mean in part (a) is 1000.
When we win the profit is 500 - 1 = 499
When we lose, the profit is -1
Expected value of the mean μ is the summation of a product of each of the possibility x with the probability P(x).

= $ 0.50
Since the answer is negative, we are expected to make a loss.
Common ratio can be found by dividing the 2nd term by the first
r = 48/6
r = 8
an = a1 * r^(n-1)
n = term to find = 8
a1 = first number = 6
r = common ratio = 8
now we sub
a(8) = 6 * 8^(8-1)
a(8) = 6 * 8^7
a(8) = 6 * 2097152
a(8) = 12582912 <==
Answer:
50+0.03x
Step-by-step explanation:
All you need to do is look at the numbers given in the word problem and convert them to algebraic terms.
Answer:
Had the same question, the answer was d
Step-by-step explanation:
Hope it helps!
Answer:
k=7
Step-by-step explanation:
first, plug in the given values
2x+3y=k --> 2(2)+3(1)=k
-->4+3=k
-->7=k
k=7