The expected value that this broker assign to this stock's end-of-the-year price is $58.50.
Using this formula
Expected value=Stock worth at $50+ Stock worth at $60+ Stock worth at $70
Where:
Stock worth at $50=40% chance
Stock worth at $60=35% chance
Stock worth at $70=25% chance
Let plug in the formula
Expected value=(40%×$50)+($35%×$60)+($25%×$70)
Expected value=$20+$21+$17.5
Expected value=$58.50
Inconclusion the expected value that this broker assign to this stock's end-of-the-year price is $58.50.
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brainly.com/question/12834805
Yes, (must be at least 15 years old)
Easy multiply 4x4 then add 7 the you get the answer
Answer:
103.92 m
Step-by-step explanation:
The kite is making right angle with the ground and its string is acting as hypotenuse of right triangle.
Let the height of the kite from the ground be h meters.
Therefore, by trigonometrical ratio:
Thus, the height of the kite from the ground is 103.92 meters.
