Answer:
Step-by-step explanation:
The expected return is given as
Expected Return = SUM (Return i x Probability i). i=1,2,3.....
First investment
Probability of 0.7, it returns 60cents per dollars
Second investment
Probably of 0.3, it loses 20cents per dollar.
Expected return=(0.7×60)-(0.3×20)
Excepted return= 42-6
Excepted return=36cents
To dollars, 1cents is 0.01dollars
Then, 36cents = 0.36dollars
Expected return=$0.36
The answer is 1000 because 62x4= 248 and then you take 248 and multiply it by 4 and you get 992 then you have to multiply 4x2 which is 8 and then when you add 992+8, you would get 100 ;)
Answer:
U=3
Step-by-step explanation:
Since 9*3=27, and 27-7=20, U=3.
Answer:
70
Step-by-step explanation:
In this problem 7 is 10% of Ben Franklin's age. To solve you must find what 100% percent of his age is. To do this multiply 7 by 10. You do this because 10% times 10 is equal to 100%. Therefore, his age is 70.
