The expected value of the game is $2.00.
To Find: The fair price to pay to play the game of rolling a colored die with three red sides, two green sides, and one blue side
Now the question arises how to find the Fair Price
We are told that in the game of rolling the colored die;
A roll of a red loses.
A roll of blue pays 5.00 and A roll of green pays 2.00.
Now, the best game to get the fairest price is to play; RRRGGB i.e (RED, RED, RED, GREEN, GREEN,BLUE)
Fair price = 2(3/6) + 6(1/6) + 0(2/6)
Fair price = $2
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Answer:
0.106
Step-by-step explanation:
Answer:
The correct answer is C, as growth on stock E is bigger from the growth of stock B
Step-by-step explanation:
In order to resolve this problem, we must have in mind that the negative numbers are smaller when they are more distant from 0, and that positive numbers are bigger when they are more distant from 0. So, the biggest number of growth is the one that is more distant from 0.
The correct answer is C, as growth on stock E is bigger from the growth of stock B.
the answer is 0.6 you gotta divide and multiply
