Answer:
a. the 6th line is plotted and labeled C
b. 10th line is plotted and labeled E and the coordinate may be (1/5 , 0)-not sure tho
c. in between plots C and E labeled H
Step-by-step explanation:
<em><u>this is the best I can do</u></em>
I have provided a picture of what it should look like :
Answer:
$945.08
Step-by-step explanation:
Given: Gross earning of Brian= $1227.38
Deduction= 23% of total compensation.
Now, finding the amount of deduction from Brian´s gross earning.
Amount of deduction=
∴ Amount of deduction=
Next, finding the net pay of Brian after deduction.
Net pay=
Net pay=
∴ Net Pay=
Hence, Brian´s net pay is $945.08
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:
#SPJ4
